Business

Positive signs in FDI inflows in H1

Despite a 4.3% reduction in the volume of foreign investment inflows into Vietnam in the first half of the year, experts said there are positive signs when looking into the structure of the investment.
Positive signs in FDI inflows in H1 ảnh 1Producing electronic components at the Indian-funded Minda Vietnam Auto Components Co., Ltd in Vinh Phuc province. (Photo: VNA)
Hanoi (VNA) – Despite a 4.3% reduction in the volume of foreigninvestment inflows into Vietnam in the first half of the year, experts saidthere are positive signs when looking into the structure of the investment.

Out of more than 13.43 billion USDworth of foreign investment poured into Vietnam in the first six months of thisyear, newly-registered capital reached almost 6.5 billion USD, accounting for48.3% of the total, up 31.3% year on year.

The valueof capital contribution and share purchase deals surged 79% to over 4 billionUSD, accounting for 29.9%.

Only additional capital for existing projects showed a reduction of 57.1%, butthe number of projects raising their capital went up 29.8%.

General Director of the General Statistics Office (GSO) Nguyen Thi Huong saidthose figures reflect the confidence of foreign investors in the stable macroeconomic policy and safe investment environment in Vietnam.

New projects are still concentrated in localities with advantages in investmentattraction, good infrastructure, stable human resources, drastic efforts in administrativereform and dynamic investment promotion, such as Hanoi, Ho Chi Minh City, Bac Giang,Binh Duong, Hai Phong, Bac Ninh and Dong Thap.

Hanoi was the leading destination of foreign investors in the reviewed periodwith 2.26 billion USD, higher than the figure of the entire 2022.  

HCM City also recorded a surge in the number of new FDI projects (69.1%) and a3.6-time increase in capital contribution and share purchase.

With high expectation about FDI attraction this year, Director of the Foreign InvestmentAgency Do Nhat Hoang said the country will continue to improve its business andinvestment environment, focusing on administrative procedures followinglicensing, and issue policies to attract investment into fields with greatpotential for breakthroughs such as high technology, semiconductor andinnovation./.

VNA
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