Ho Chi Minh City attracts 3.94 billion USD in FDI in 2022
Ho Chi Minh City absorbed about 3.94 billion USD in foreign direct investment (FDI) in 2022, up 5.4% year-on-year, according to the municipal People’s Committee.
Ho Chi Minh City absorbs about 3.94 billion USD in foreign direct investment in 2022, up 5.4% year-on-year. (Photo: VNA)
HCM City (VNA)๊ – Ho Chi Minh Cityabsorbed about 3.94 billion USD in foreign direct investment (FDI) in 2022, up5.4% year-on-year, according to the municipal People’s Committee.
The city's authorities granted new investment certificates to 893 projects in 2022 with total registered capital of 601.1 million USD,marking a decline of 12.5% compared to last year. Of the projects, 338 were invested in wholesale, retail, and repair of automobiles and motorbikes withregistered capital of 176.9 million USD, accounting for 29.4% of the newlyregistered capital. They were followed by the field of information and communicationwith 186 projects that posted registered capital of 139.3 millionUSD, accounting for 23.2%. There were 231 projects in specialised areas,science, and technology with registered capital of 107.5 million USD,accounting for 17.9%.
Illustrative photo ( Photo: VNA)
Among nations and territories pouring capital into the citythis year, Singapore ranked first with 167 projects with total registeredcapital of 235.4 million USD, accounting for 39.2% of the newly registered capital. It was followed by Japan with 86 projects and registeredcapital of 97.2 million USD, accounting for 16.2%, the Republic of Korea (RoK) with122 projects and registered capital of 60.3 million USD, accounting for 10%. Regarding the adjustment of registered capital, there were192 projects with increased capital of 1.6 billion USD, up 42.4% over the previous year. Singapore was the country with the highest adjusted capitalin 2022 – over 1.18 billion USD, accounting for 73.7% of the adjustedregistered capital. A total of 2,411 investors made capitalcontributions, share purchase, and redemption of contributed capital. Their capital contributions reached nearly 1.74 billion USD,down 9.8% from last year. Singapore and the RoK saw highproportions of capital contribution, accounting for 47.5% and 16.9%respectively. With the new projects in 2022, the total number of validprojects in the city until December 20, 2022, amounted to 11,273 projects withregistered capital of 55.84 billion USD. Thereby, Ho Chi Minh City continues tolead the country in the number of valid projects.
To achieve those results, the city's authorities organised investment promotion activities in andoutside the country to attract foreign investors to its key industries and keyprojects. The city also met with, asked for advice, and talk with investors.
꧂ The city organised 127 domestic and foreign trade andinvestment promotion activities, supported businesses to recover, developmarkets, and connect businesses to businesses through fairs and exhibitions orprogrammes that connect businesses with retail groups and distributionsystems./.
The northern coastal province of Quang Ninh has attracted 2.18 billion USD in foreign investment so far this year, the first time the capital poured into the locality surpasses the 2-billion-USD mark.
Vietnam attracted a total of 27.72 billion USD in foreign direct investment as of December 20, equal to 89% of the figure of the same period last year, according to the Ministry of Planning and Investment.
Disbursement of foreign direct investment (FDI) in Vietnam in 2022 is estimated at nearly 22.4 billion USD, up 13.5% year-on-year, making it the highest amount in the past five years, the General Statistics Office (GSO) announced on December 29.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Ho Chi Minh City absorbs about 3.94 billion USD in foreign direct investment in 2022, up 5.4% year-on-year. (Photo: VNA) 
Illustrative photo ( Photo: VNA) 
