FDI inflows report some improvement on-month

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted total foreign direct investment (FDI) inflows of about $25.1 billion in the first 11 months of the year, equivalent to 95 per cent of the previous year's total.

Of this, $11.5 billion was poured into 1,812 newly licensed projects, up 14.9 per cent on the number of projects last year but a sharp reduction of 18 per cent in value.

Another $9.54 billion was added to 994 projects currently underway, a rise of 23.3 per cent in value and 13.3 per cent in quantity. Overseas investors also poured almost $4.08 billion into around 3,298 share purchase deals, a slight down of 7 per cent over the same period last year.

FDI disbursement climbed well by 15.1 per cent on-year, to around $19.68 billion.

Among the 19 sectors receiving funds in the first 11 months, processing and manufacturing took the lead with almost $15 billion, accounting for 59.5 per cent of total FDI. This was followed by real estate ($4.19 billion), power generation and distribution ($2.26 billion), and sci-tech and professional activities ($1.03 billion).

Singapore led the 107 countries and territories investing in Vietnam in period, with total capital placed of around $5.78 billion, followed by Japan ($4.6 billion) and South Korea ($4.1 billion).

Ho Chi Minh City attracted the highest amount of FDI at just under $3.54 billion, followed by Binh Duong with $3.03 billion and Quang Ninh with $2.19 billion.

FIEs' trade surplus was $37.6 billion (including crude oil), or $35.4 billion (excluding crude oil), in the first 11 months, while local businesses reported a trade deficit of $28.5 billion.

The export turnover of foreign-invested enterprises (FIEs) continued increasing, by 14.8 per cent on-year to about $255.1 billion, including crude oil, making up more than 74 per cent of the country's total export value.

Their import turnover was estimated at $217.5 billion, up 10.2 per cent on-year and accounting for 65.2 per cent of the total.

FIEs' trade surplus was $37.6 billion (including crude oil) in the first 11 months, while local businesses reported a trade deficit of $28.5 billion.

The over 36,100 valid foreign-invested projects accumulated across the country boast total registered capital of more than $437 billion. Their disbursement was about $271.3 billion, equivalent to 62 per cent of the valid registered capital.

Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Achecklist for appraisal of foreign-invested ventures in Vietnam will help the country woo desired foreign funding.