FDI in January reach $1.7 bln

In January 2023, Vietnam granted 153 new FDI projects, with a total registered capital of $1.2 billion, up 48.5% in the number of projects and 3.1 times over the same period last year.

In particular, in January 2022, Vietnam attracted 103 newly licensed FDI projects with a total registered capital of $388 million, a 119.1% rise in the number of projects and a 70.7% decline in the total registered capital compared to the same month in 2021.

As a consequence, recruiting new projects in January 2023 is regarded as a favorable indicator, potentially opening up chances for Vietnam in 2023.

Among newly permitted FDI projects, those associated with wholesale and retail, as well as automotive, motorcycle, motorbike, and other motor vehicle maintenance, have the highest share of registered capital, amounting to $651.9 million, accounting for 54.1% of total newly registered capital.

The processing and manufacturing sectors came in second with $351.2 million, accounting for 29.1%; the remaining industries came in third with $201.9 million, accounting for 16.8%.

In January 2023, 28 countries and territories had newly approved investment projects in Vietnam, with Singapore being the largest investor, accounting for 63.7% of total newly registered capital with $767.6 million; China was second with $198.2 million, accounting for 16.4%.

The entire realized FDI in Vietnam is anticipated to be $1.35 billion, with the processing and manufacturing industries accounting for $1.05 billion, accounting for 77.6% of the total realized FDI.