Singapore still ranks first in terms of investment in Vietnam

Aug 27, 2021

The Foreign Investment Agency (Ministry of Planning and Investment) has just said that as of August 20, 2021, the total registered foreign investment capital in Vietnam reached 19.12 billion USD, equaling 97.9% of the total. with the same period last year.

Of these, there was $11.33 billion in newly registered capital of 1,135 projects, up 16.3% in capital and down 36.8% in number of projects over the same period.

In addition, there were nearly 5 billion USD of additional registered capital, up 2.3% over the same period, of 639 projects registered to adjust investment capital (down 11%).

In addition, there was also USD 2.81 billion of investment capital through capital contribution and share purchase by foreign investors, down 43.4% over the same period.

Thus, along with newly registered capital continued to increase, adjusted capital also increased slightly after decreasing for 7 months. However, investment capital through capital contribution and share purchase continues to decrease, although the reduction is gradually improving.

The report of the Foreign Investment Agency also said that, in the past 8 months, there were 92 countries and territories investing in Vietnam. In which, Singapore continues to lead with a total investment capital of over 6.2 billion USD, accounting for nearly 32.5% of total investment capital in Vietnam.

Japan ranked second with total investment capital of over 3.2 billion USD, accounting for 16.8% of total investment capital, up 94.9% over the same period.

According to the Foreign Investment Agency, the investment capital of Singapore and Japan is mainly in the form of new investment, accounting for 79.4% and 73.9% of the total registered capital, respectively.

Meanwhile, Korea ranked third, with a total registered investment capital of over 2.4 billion USD, accounting for 12.7% of total investment capital, down 17.8% over the same period. Next is China, Hong Kong, Taiwan…

The statistics also show that Singapore's investment capital is 1.9 times higher than Japan's and nearly 2.6 times higher than South Korea's. The main reason is that Singapore had a $3.1 billion gas power project that was granted investment certificates earlier this year.

This project alone has accounted for 50% of Singapore's total investment in Vietnam in the past 8 months.

Meanwhile, Korea, although only ranked third in terms of investment capital, is the leading partner in terms of the number of new investment projects as well as the number of projects with capital adjustment.

"So, in terms of the number of projects, Korea is the partner with the most investors interested in and making new investment decisions as well as expanding investment projects," the Foreign Investment Department said. review.

If counted by investment fields, the Foreign Investment Department said, foreign investors have invested in 18 industries and fields. In which, the processing and manufacturing industry leads the way with a total investment of nearly 9.3 billion USD, accounting for 48.4% of the total registered investment capital.

The field of electricity production and distribution ranked second with a total investment of nearly 5.5 billion USD, accounting for 28.7% of the total registered investment capital. Followed by real estate, wholesale and retail business with a total registered capital of nearly 1.6 billion USD and over 734 million USD.

From another perspective, the Foreign Investment Department said that, in the past eight months, it is estimated that foreign investment projects have disbursed USD 11.58 billion, up 2% over the same period in 2020.

The Covid-19 epidemic was complicated, leading to a number of factories being stopped or reduced in capacity, capital realized in August 2021 decreased by 12.2% compared to August 2020 and decreased by 14.3% compared to the previous month. 7/2021. However, including 8 months of 2021, realized capital still increased slightly.