Vietnam bags foreign investment over $25 bn in 11 months: FIA

30 Nov '22

2 min read

Pic: Shutterstock/ Asia Images

Vietnam secured foreign investment worth $25.1 billion during January-November, 2022 as per the Foreign Investment Agency (FIA). Singapore emerged as the country’s top foreign investor ($5.78 billion/ 23 per cent) followed by Japan ($4.6 billion/ 13 per cent) and South Korea ($4.1 billion/ 16.4 per cent). The investment saw a 0.5 per cent month-on-month (MoM) rise but a 5 per cent year-on-year (YoY) decline.

During the first 11 months of 2022, new foreign capital registered in Vietnam showed an annual decline of 18 per cent to $11.5 billion. Capital contributions and share purchases also went down by 7 per cent YoY to almost $4.08 billion. Harsh COVID-19 preventive measures in early 2022 and global uncertainties such as inflationary pressures, supply chain disruptions, and geopolitical conflicts were found to be reasons for the drop in registered capital by the FIA, according to several Vietnamese media reports.

The growth momentum of the adjusted capital helped in winning the confidence of foreign investors in the Vietnamese economy. This led them to put in more capital to their current projects in Vietnam. Also, adjusted capital rose by 23.3 per cent YoY to $9.54 billion during the period. Disbursed capital also grew by 15 per cent this time, totalling $19.68 billion.

Fibre2Fashion News Desk (NB)

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