Illustrative image (Source: VNA) The total newly-registered capital, adjusted capital, and capitalcontribution and share purchase stood at 22.46 billion USD in theJanuary-October period, down 5.4% year-on-year.
Specifically, 1,570 projects were granted investment registrationcertificates during the period, with total registered capital of 9.93 billion USD,down 23.7% from last year.
One bright spot was disbursed capital, which topped 17.45 billion USDin the first ten months of the year, 15.2% higher than the same period lastyear. It was expected to hit 22 billion USD by the year-end.
Adjusted capital, as a single item itself, reached over 8.74billion USD, up 23.3% year-on-year. Roughly 880 projects registered for capitaladjustment during the ten-month period.
There were 2,997 capital contributions and share purchasesby late October, equivalent to 3.97 billion USD. The figure was 4.5%higher than that in 2021.
FIA Director Do Nhat Hoang underlined two factors behind thefalling registered capital, which are stringent COVID-19 preventive measures andglobal uncertainties.
He said strict COVID-19 preventive measures had made it moredifficult for foreign investors to travel to Vietnam to seek new investmentopportunities. Such hindrance held back the number of newly-registered projectsin early 2022.
Global uncertainties, including geopolitical conflicts,inflationary pressures and supply chain disruptions, compounded the situationby scaling down the capital flows from big economies, especially Vietnam'spartners.
On the bright side, many large-scale projects had their capitaladjusted up significantly in ten months. For instance, SamsungElectro-Mechanics Vietnam was given two capital boosts, of 920 million USD and 267million USD.
Samsung HCMC CE followed suit with 841 million USD. The projectsto manufacture electronics and multimedia devices in Bac Ninh, NgheAn and Hai Phong provinces were financed with additional capital of 306million USD, 260 million USD and 127 million USD, respectively.
The rise in additional capital indicates that foreign investorshave great confidence in Vietnam's economic growth and business environment.
The FIA census also showed that foreign investors investedin 18 out of 21 sectors of the economy during the period. Of which,processing and manufacturing took the lead in terms of foreign investment,with 12.9 billion USD.
Realty estate came next with a total investment of 3.9billion USD, followed by electricity production and distribution with 928million USD and scientific and technological activities with 835 million USD.
It is also worth noting that wholesale and retail, processing andmanufacturing, and scientific and technological activities were the sectorswith the largest number of newly-registered projects, accounting for29.9%, 24.8% and 16.7% of the total number of newly-register projects in thecountry.
By partners, 103 countries and territories poured money into Vietnamover the year. Singapore was on top with 5.3 billion USD, accounting for 23.8%of the total foreign investment into the country.
Japan came second with 4.2 billion USD and the Republic of Korea (RoK) came third with 3.9 billion USD. Other names further down the list includedChina, Hong Kong (China) and Denmark.
Despite its third position regarding investment capital, theRoK topped the list of investors when it comes to the number ofnewly-registered and capital-adjusted projects in the ten-month period./.
VNA
