11-month FDI attraction reaches US$25.1 billion
VOV.VN -The nation attracted US$25.1 billion in foreign investment over the past 11 months, an increase of 0.5% from the previous month, but down 5% on-year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has said.
During the reviewed period, new capital registered in the country by foreign investors endured an annual fall of 18% to US$11.5 billion, while capital contributions and share purchases also dropped by 7% on-year to nearly US$4.08 billion.
The agency underlined two key factors behind the falling registered capital, including stringent COVID-19 preventive measures imposed at the start of the year and global uncertainties.
It noted that strict COVID-19 preventive measures imposed in the opening months of the year had made it increasingly difficult for foreign investors to travel to Vietnam to seek new investment opportunities. These hindrances therefore held back the number of newly-registered projects during the opening months of 2022.
Global uncertainties, including geopolitical conflicts, inflationary pressures, and supply chain disruptions, all combined to compound the situation by scaling down the capital flows from major economies, especially Vietnamese partners.
One bright spot in the reviewed period was adjusted capital which soared by 23.3% on-year to US$9.54 billion, the FIA noted.
According to the agency, the adjusted capital continued to maintain its growth momentum, which was a signal to confirm the confidence of foreign investors in the economy and the country’s investment environment. Therefore, they decided to add more capital to their existing projects in the country.
Statistics compiled by the FIA indicates that the average scale of adjusted capital per project in the opening 11 months of the year surged by 4.9% over the same period from last year. Notably, many projects in manufacturing of electronic and high-tech products witnessed capital added on a large scale during the reviewed period.