Foreign investment of over 50 million USD in Vietnam tend to increase

foreign invest

The General Statistics Office also said that the number of projects over 50 million USD tends to increase.

At a press conference on September 29 of the General Statistics Office, Deputy Director of the Industrial Statistics Department (General Statistics Office) Chu Hai Van said that between the end of September and the beginning of October, southern provinces began to enter the new normal mode with caution.

Therefore, Chu Hai Van emphasized: “We think that these difficulties are only temporary, there is no chance that FDI enterprises will be able to leave the Vietnamese market”.

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The General Statistic Office’s data

According to a representative of the General Statistics Office, the number of newly licensed projects under $5 million tends to decrease, while the number of projects over $50 million tends to increase. Notably, there are a number of billion-dollar projects, including Singapore’s gas power project in Long An, Japan’s thermal power project in Can Tho, or South Korea’s electronic display production project in Hai Phong.

According to the report of the General Statistics Office, the total foreign investment capital into Vietnam as of September 20, 2021, included newly registered capital, adjusted registered capital, and the value of capital contribution and share purchase of foreign investors reached 22.15 billion USD, up 4.4% over the same period last year.

In which, newly registered capital has 1,212 licensed projects with registered capital reaching 12.5 billion USD, down 37.8% in the number of projects and up 20.6% in registered capital over the same period last year.

Adjusted registered capital has 678 projects licensed from previous years, registered to adjust investment capital increased by 6.43 billion USD, up 25.6%. Registered capital for capital contribution and share purchase by foreign investors had 2,830 turns with a total value of the capital contribution of 3.22 billion USD, down 43.8%.

foreign invest

Out of the total times of capital contribution and share purchase by foreign investors, there were 1,139 capital contributions and share purchases, increasing the charter capital of the enterprise with a capital contribution value of USD 2.05 billion and 1,691 turns of foreign investors buying back domestic shares without increasing charter capital with a value of USD 1.17 billion. Foreign direct investment capital in Vietnam in the first nine months of 2021 was estimated at 13.28 billion USD, down 3.5% over the same period last year.

Additionally, Vietnam’s investment abroad in the first nine months of 2021 has 41 projects newly granted investment certificates, with the total capital of the Vietnamese side is 150.1 million USD, down 44.1% compared to the same period last year. There were 15 capital adjustments with additional capital of 422.1 million USD, nearly 2.6 times higher than the same period last year. In general, Vietnam’s total investment capital abroad (newly and additionally granted capital) reached 572.3 million USD, up 32.4% over the same period last year.

Other opinions

Sharing the same opinion with the representative of the General Statistics Office, Samsung Representative, Mr. Choi Joo Ho, said that Samsung Vietnam is continuing to build an R&D center (research and development) with a scale of more than 220 million USD in Hanoi. This R&D center will research and develop 5G, big databases, and artificial intelligence in Vietnam, contributing to the upgrade of the Samsung complex here in Vietnam.

According to Mr. Choi Joo Ho, if Vietnam effectively fights the pandemic, maintains the circulation of goods, and ensures supply chain operations, foreign investment will continue to increase in the long term.

In addition, Mr. Fred Burke, Founder of Baker McKenzie Vietnam also said that, in the long run, Vietnam is still an attractive destination for foreign investors. He still sees many investors who are planning to pour capital into Vietnamese businesses or want to come to Vietnam to set up new businesses.

Source: Cafef

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