According to the latest report of the General Statistics Office on FDI inflows and projects. Total foreign direct investment (FDI) registered in Vietnam in January 2023 decreased over the same period, but there were 153 newly licensed projects, with total registered capital reaching 1.2 billion USD, up 48.5% in number of projects and 3.1 times in registered capital…
Specific stats
The report on socio-economic situation in January 2023 published by the General Statistics Office (Ministry of Planning and Investment) showed that from the beginning of the year to January 20, the total registered FDI capital into Vietnam (including including newly registered capital, adjusted registered capital and value of capital contribution and share purchase by foreign investors) reached US$1.69 billion, down 19.8% over the same period last year.
Total FDI decreased compared to the same period last year
Although the total registered FDI capital into Vietnam in January 2023 decreased by nearly 20% compared to the same period in 2022, there is a positive point that in January 2023 there were 153 newly licensed projects, with a total registered capital of 153 projects. reached 1.2 billion USD, up 48.5% in number of projects and 3.1 times in registered capital over the same period last year.
Specifically, in January 2022, Vietnam attracted 103 newly licensed FDI projects, with a registered capital of 388 million (USD), an increase of 119.1% in the number of projects and a decrease of 70.7%. in terms of registered capital compared to the same period in 2021. Therefore, the result of attracting new projects in January 2023 is considered a positive signal, opening opportunities for Vietnam in 2023 when many projects The report shows that Vietnam can attract 36-38 billion USD.
Industries and countries pouring capital into Vietnam
Among newly licensed FDI projects, those related to the wholesale and retail sector, and repair of automobiles, motorcycles, motorbikes and other motor vehicles have the largest proportion of registered capital, reaching 651.9 million USD, accounting for 54.1% of total newly registered capital. Following is the processing and manufacturing industry with 351.2 million USD, accounting for 29.1%; the remaining industries reached 201.9 million USD, accounting for 16.8%.
According to the General Statistics Office, in January 2023, 28 countries and territories had newly licensed investment projects in Vietnam, of which Singapore was the largest investor with US$767.6 million. accounting for 63.7% of total newly registered capital; China ranked second with 198.2 million USD, accounting for 16.4%.
Realized foreign direct investment in Vietnam in January 2023 was estimated at US$1.35 billion, down 16.3% over the same period last year. In which, the processing and manufacturing industry reached US$1.05 billion, accounting for 77.6% of the total realized foreign direct investment.
Vietnam’s investments are in the opposite direction
In the opposite direction, Vietnam’s investment abroad in January 2023 has 3 projects newly granted investment certificates with a total capital of 126.6 million USD from the Vietnamese side, 2.9 times higher. compared to the same period last year. At the same time, there was 1 turn of projects adjusted capital with an additional adjusted capital of 140.4 million USD. In general, the total investment capital of Vietnam abroad reached 126.7 million USD, 3.4 times higher than the same period last year.
In January 2023, there were 3 countries and territories receiving investment from Vietnam, in which: Korea is the leading country with 125.1 million USD; accounting for 98.7% of total investment capital, Thailand 1.5 million USD; accounting for 1.2%; Laos 140.4 thousand USD; accounted for 0.1%.
Challenges and opportunities of Vietnamese office furniture businesses
FDI project is one of the key points of high-end office furniture enterprises. The change in capital flows and the number of projects is one of the strong challenges. With capital inflows plummeting, competition becomes more difficult. High-end office furniture businesses are forced to change the internals of their businesses to catch up. Along with the economic recession that experts predict will become unpredictable in 2023. How can Vietnamese furniture businesses overcome this?
However, challenges also come with opportunities. Although capital inflow decreased over the same period, the number of projects increased. In part, this helps businesses reduce pressure. Besides, having to change the basic foundation of the business will also bring many new opportunities. The year 2023 will be a year full of difficulties but also many sweet fruits. For PROCE alone – the total solution for luxury office furniture – this year will still be a successful year.
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PROCE – TOTAL LUXURY OFFICE SOLUTION
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