Nghe An rises to rank 9th out of 63 provinces and cities in attracting foreign direct investment.
(Baonghean.vn) - With the above results, compared to the first 4 months of 2023, Nghe An increased by 1 rank, to 9th place out of 63 provinces and cities attracting the most foreign direct investment (FDI) in the country; continuing to rank first among 14 provinces and cities in the North Central and Central Coast regions in attracting FDI.
The Foreign Investment Agency, Ministry of Planning and Investment has just released a quick report on the situation of attracting foreign investment in Vietnam and Vietnam's investment abroad in the first 5 months of 2023.
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VSIP Nghe An Industrial Park. Photo: TC |
Of which, from the beginning of the year to May 20, 2023, Nghe An licensed 7 new investment projects with a total registered capital of 320.15 million USD; 5 adjusted projects with a total adjusted registered capital of 107.79 million USD.
The total newly registered and adjusted capital reached 427.94 million USD, reaching 106.4% over the same period. Compared to the results of the first 4 months of 2023, Nghe An increased by 1 rank, to 9th place out of 63 provinces and cities attracting the most FDI in the country.
In the first five months of this year, foreign investors invested in 50 provinces and cities across the country.
Hanoi leads with a total registered investment capital of nearly 1.87 billion USD; followed by Ho Chi Minh City (over 1.144 billion USD), Bac Giang (1.016 billion USD); Binh Duong (over 909 million USD); Bac Ninh (over 750 million USD); Dong Nai (over 678 million USD); Hai Phong (over 552 million USD); Long An (over 474 million USD); Nghe An (nearly 428 million USD) and Quang Ninh (over 422 million USD).
Among the 14 provinces and cities in the North Central and Central Coast regions, Nghe An is also the locality that attracts the most FDI. Next is Thanh Hoa (over 104 million USD); Quang Ngai (43.69 million USD); Thua Thien Hue (35.15 million USD); Da Nang (22.26 million USD); Binh Dinh (17.89 million USD); Binh Thuan (6.91 million USD); Ha Tinh (4.06 million USD); Ninh Thuan (4 million USD); Khanh Hoa (1.1 million USD); Quang Tri (0.3 million USD); Quang Nam (0.15 million USD); Quang Binh and Phu Yen provinces have not attracted FDI projects in the first 5 months of this year.
Nationwide, by May 20, 2023, the total newly registered capital, adjusted capital, and capital contribution and share purchase capital of foreign investors will reach nearly 10.86 billion USD.
Of which, 962 new investment projects were granted investment registration certificates (up 66.4% over the same period), total registered capital reached more than 5.26 billion USD (up 27.8% over the same period); 485 projects registered to adjust investment capital (up 22.8% over the same period), total additional investment capital reached nearly 2.28 billion USD (down 59.4% over the same period); 1,278 capital contribution, share purchase, capital contribution purchase transactions of foreign investors (down 5.6% over the same period), total capital contribution value reached nearly 3.32 billion USD (up 67.2% over the same period).
Foreign investors have invested in 18 out of 21 national economic sectors. Of which, the processing and manufacturing industry took the lead with a total investment capital of over 6.64 billion USD, accounting for 61.2% of the total registered investment capital and down 2.5% over the same period.
The financial and banking sector ranked second with a total investment capital of more than 1.53 billion USD, accounting for more than 14.1% of total registered investment capital and increasing more than 12 times over the same period.
Real estate business, professional activities, science and technology ranked 3rd and 4th with total registered capital reaching nearly 1.16 billion USD (down 61.3%) and nearly 481 million USD (up 28.3%) respectively. The rest were other sectors.
Foreign investors have invested in 19/21 sectors in the national economic classification system. Of which, the processing and manufacturing industry accounts for the highest proportion with more than 266.9 billion USD (accounting for 59.6% of total investment capital). Next are real estate businesses with more than 67.1 billion USD (accounting for 15% of total investment capital); electricity production and distribution with more than 38.3 billion USD (accounting for nearly 8.6% of total investment capital).
There are currently 143 countries and territories with valid investment projects in Vietnam. Of these, South Korea is in the lead with a total registered capital of nearly 81.6 billion USD (accounting for 18.2% of total investment capital). Singapore is in second place with nearly 73.4 billion USD (accounting for 16.4% of total investment capital). Followed by Japan, Taiwan, and Hong Kong.
Foreign investment has been present in all 63 provinces and cities nationwide, of which Ho Chi Minh City is the leading locality in attracting foreign investment with more than 56.7 billion USD (accounting for 12.7% of total investment capital); followed by Binh Duong with nearly 40 billion USD (accounting for more than 8.9% of total investment capital); Hanoi with more than 39.2 billion USD (accounting for nearly 8.8% of total investment capital). Nghe An currently ranks 30th nationwide with 137 foreign investment projects with a total investment capital of more than 3 billion USD.