Foreign money continues to pour heavily into real estate
According to information from the General Statistics Office (GSO), the realized investment capital of the whole society in the first quarter of 2022 at current prices is estimated at 562,200 billion VND, up 8.9% over the same period last year.
In which, state capital is estimated at 136.5 trillion VND, accounting for 24.3% of total investment capital and increasing by 9.3% over the same period last year; the non-state sector reached 323.1 trillion dong, accounting for 57.5%, up 9.1%; the foreign direct investment sector reached 102.6 trillion dong, accounting for 18.2% and increasing by 7.9%.
Realized FDI capital in the first quarter of 2018-2022. (Source: GSO)
Notably, realized FDI in Vietnam in the first three months of the year was estimated at US$4.42 billion, up 7.8% over the same period last year, this is the highest level of the first quarter in the past 5 years.
Processing and manufacturing industry reached 3.44 billion USD, accounting for 77.8% of total realized FDI capital; production and distribution of electricity, gas, hot water, steam and air conditioning reached 379.8 million USD, accounting for 8.6%. Notably, real estate business ranked third with 350.3 million USD, accounting for 7.9%.
In the investment capital of the State sector, capital realized from the state budget in the first quarter of 2022 was estimated at 76.3 trillion VND, equaling 14.4% of the year plan and increasing by 10.6% over the same period last year. last year (first quarter of 2021 by 13.7% and increasing by 14.5%).
FDI capital registered in Vietnam as of March 20, 2018 – 2022. (Source: GSO)
Total foreign investment capital registered in Vietnam as of March 20, 2022 including newly registered capital, adjusted registered capital and value of capital contribution and share purchase by foreign investors reached 8, $91 billion, down 12.1% over the same period last year.
Explaining the cause of the decrease, Ms. Phi Thi Phuong Nga, Deputy Director of the Department of Statistics, Industry and Construction said that if analyzed in detail, the above reduction still shows a positive factor in the trend. attracting investment.
Firstly, in the first quarter of 2022, the number of newly granted projects increased by 37.6%; the number of projects adjusted to increase capital increased by 41.6%; The number of times of projects contributing capital and purchasing parts is equivalent to the first quarter of 2021. This proves that foreign investors have considered Vietnam as a safe investment destination, expressed their confidence in the business investment environment, and continued to expand investment in Vietnam, when Vietnam controlled well. During the COVID-19 pandemic, the economy is recovering and growing back into the new normal.
Secondly, in terms of registered capital in the first quarter of 2022, FDI registered capital decreased by 12.3% over the same period, including: New registration decreased by 54.5%; The additional registered capital increased by 93.3% (this is the extension of additional capital of foreign investors operating in Vietnam); the amount of capital contribution and share purchase increased by 102.6% (this figure shows the increased confidence of foreign investors in Vietnam).
Thus, the registered FDI capital decreased by 12.3% due to a deep decrease of 54.5% in newly registered capital. This decrease of 54.5% is compared on the high increase because of the surge of the same period last year with 2 newly registered billion-dollar projects with a total registered capital of 4.41 billion dollars.
“So, if excluding the mutation factor in the first quarter of 2021, the newly registered capital in the first quarter of 2022 will still increase by 14.2% over the same period, and in general, the registered capital of FDI in the first quarter of 2022 will increase by 55, 7% over the same period,” said Ms. Phuong Nga.
Mr. David Jackson – General Director of Colliers Vietnam said that there are many main driving forces for the market in the coming time, including a series of supportive policies on real estate legal, abundant FDI inflows into Vietnam. housing demand has increased and public investment has been promoted.
“The year 2022 will be a year that will see a large amount of money poured into real estate in all segments. This money comes from foreign investors, professional investment funds and individual investor groups.” This forecaster.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
