Illustrative image (Source: VNA)The processing and manufacturing sector made thelion share of 15.52 billion USD, accounting for 78.8% of the total number. Thereal estate industry recorded 1.44 billion USD, and electricity, gas, hotwater, steam and air conditioner production and distribution, 1.43 billion USD.
Vietnam attracted 25.1 billion USD in foreigninvestment in the 11 months, up 0.5% month-on-month but down 5% year-on-year,the Foreign Investment Agency (FIA) under the Ministry of Planning andInvestment said.
During the period, new capitalregistered in the country by foreign investors saw a yearlydecline of 18% to 11.5 billion USD while their capital contributionsand share purchases also declined 7% year-on-year to nearly 4.08billion USD.
The agency underlined two factors behind the fallingregistered capital, which were stringent COVID-19 preventive measuresearly 2022 and global uncertainties.
It saidstrict COVID-19 preventive measures imposed in the beginning months of the yearhad made it more difficult for foreign investors to travel to Vietnam to seeknew investment opportunities. Such hindrance held back the number of newly-registeredprojects in early 2022.
Globaluncertainties, including geopolitical conflicts, inflationary pressures and supplychain disruptions, compounded the situation by scaling down the capital flowsfrom big economies, especially Vietnam's partners.
One bright spot in the period was adjustedcapital which surged 23.3% year-on-year to 9.54 billion USD, the FIAnoted.
According tothe agency, the adjusted capital continued to maintain its growthmomentum, which was a signal to confirm the confidence of foreigninvestors in the economy and investment environment of Vietnam. Therefore, theydecided to add more capital to their existing projects in thecountry.
Statisticsfrom the FIA also showed that the average scale ofadjusted capital per project in 11 months of 2022 increased4.9% over the same period of last year. Notably, many projects inmanufacturing of electronic and high-tech products witnessedcapital added on a large scale during the reviewed period.
On the bright side, many large-scale projects hadtheir capital adjusted up significantly in ten months. For instance, SamsungElectro-Mechanics was given two capital boosts, of 920 million USD and 267million USD.
Samsung HCMC CE followed suit with 841 million USD.Other projects to manufacture electronics and multimediadevices in Bac Ninh, Nghe An and Hai Phong were financed withadditional capital of 306 million USD, 260 million USD and 127 millionUSD, respectively./.
VNA
