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COVER STORY
up 37.6 per cent year-on-year, with total
registered capital of $3.2 billion, down 55.5 INVESTMENT CAPITAL FROM LEADING FOREIGN INVESTORS, 3M 2022
per cent year-on-year. There are 288 projects (as of March 20)
registered to add capital, up 41.6 per cent
year-on-year, with the total reaching $4.06
billion, up 93.3 per cent year-on-year. Singapore $2.3 billion
Of note, three major FDI projects reg-
istered to increase their capital: the Viet-
nam-Singapore Industrial Park (VSIP) South Korea $1.6 billion
project in northern Bac Ninh province,
with an additional $941 million, the Sam-
sung Electro-Mechanics Vietnam Co., Ltd China $893.8 million
project in northern Thai Nguyen province,
with an additional $920 million, and a Netherlands
project manufacturing electronic and mul- $627.2 million
timedia products and network equipment
in north-central Nghe An province, with Japan $592.4 million
an additional $306 million. This confirms
investor confidence in the government’s
Covid-19 prevention and control strategy Hong Kong (China) $581.7 million
and Vietnam’s investment environment as
the “new normal” comes into sharper focus. Source: Foreign Investment Agency (Ministry of Planning and Investment)
The recovery of the country’s investment
environment is also revealed in foreign with these results, the optimism and con- in February and aims for its software engi-
investors’ paid-in capital for share pur- fidence of foreign investors in Vietnam’s neering team in Vietnam to reach 6,000
chases, which stood at $769.6 million and investment environment prove that the people by 2025. Nestlé Vietnam has
rose 41.7 per cent year-on-year after a long goal of attracting $40 billion in FDI in announced an additional investment of
period of steep decline. “As Vietnam reopens 2022 is entirely feasible,” he said. $132 million in order to double its pro-
its borders and international tourism recov- cessing capacity of high-quality coffee at
ers, enterprises will be able to recover from POTENTIAL TO GO HIGHER its plant in southern Dong Nai province.
the pandemic and seize new opportunities Many foreign investors are planning to This brings its total in Vietnam to nearly
in the market,” said Mr. Harry Loh, General
invest substantial sums in Vietnam. Mr. $730 million. Mr. Kasper Rosted, General
Director of UOB in Vietnam. Tharabodee Serng Adichaixit, Vice Chair- Director of the Adidas Group, said Vietnam
According to Mr. Nguyen Van Toan, man of the Thai Chamber of Commerce is an important production country and a
Vice Chairman of the Vietnam Association and Industry in Vietnam (ThaiCham), said potential destination for German and EU
of Foreign Invested Enterprises, the fact that Thai investors are planning to pour investors, and the Adidas Group commits
that the country adopted appropriate meth- more capital into the country and are espe- to continue making efforts to take advantage
ods to prevent and control Covid-19 and cially interested in manufacturing, retail, of and cement development opportunities
the positive impact from free trade agree- and energy. Although some 90 per cent of in the country. Economists also believe
ments such as the Comprehensive and Thai enterprises in Vietnam saw business that the implementation of Resolution No.
Progressive Agreement for Trans-Pacific operations affected by Covid-19 outbreaks, 128/NQ-CP will help businesses recover
Partnership (CPTPP) and the EU-Vietnam they have now resumed business and even strongly throughout 2022, and foreign cap-
Free Trade Agreement (EUVFTA) helped doubled capacity. ital is forecast to rise sharply over the
it post positive results in FDI attraction Bosch, meanwhile, planned to set up a remainder of the year as the pandemic sit-
right from the beginning of 2022. “Along new high-tech development center in Hanoi uation becomes more stable with increasing
vaccination rates.
According to Mr. Nguyen Anh Duong,
FDI CAPITAL, 2017-2022 Head of the General Research Department
($ bln) Registered capital Dibursed capital at the Central Institute for Economic
9 8.47 Management (CIEM), the prospects for
Vietnam’s economic recovery post-pan-
8
demic are linked to the recovery of the
7 6.47 production network in Asia. In addition,
6 5.46 foreign investors need to take full advan-
5 tage of opportunities from agreements
5 such as the RCEP and adopt long-term
4 3.4 3.4 investment strategies, which will see Viet-
nam attract more FDI capital. “In order
3 2.58 2.45 2.5 2.6 to take advantage of these opportunities,
2 1.55 1.7 Vietnam must build investor trust in its
business management in the ‘new normal’
1
as well as in its economic integration,”
0 said Mr. Duong. “It is also necessary to
2017 2018 2019 2020 2021 2022
resolve obstacles in labor, administrative
Source: Foreign Investment Agency (Ministry of Planning and Investment) procedures, and legal conflict.” %

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