In 2022, Vietnam is able to attract 40 billion USD of FDI

Many signals and factors show that attracting foreign investment to Vietnam in 2022 will continue to be positive.

Operating at Samsung Electronics Vietnam Factory Thai Nguyen.

Great news at the beginning of the year

Just like last year, Nghe An is becoming the focus of foreign investment attraction in the first month of the year, when it has just officially awarded the adjusted investment registration certificate to Goertek Group.

This investor at the end of 2020 decided to invest in a factory specializing in manufacturing electronic products, network equipment and multimedia audio products, with a total investment of 100 million USD. In early 2021, the project was officially started construction and is expected to come into operation in the middle of this year.

Although the factory has not been put into operation, but to meet the needs of the market, Goertek – has a $260 million factory in Bac Ninh, specializing in the production of electronic devices, including Airpods. for Apple – decided to increase the investment capital by 400 million USD, bringing the total investment capital of the project in Nghe An to half a billion USD.

“Goertek Group’s decision to increase investment capital to expand production scale, invest in high-tech production lines, with investment capital increased 5 times compared to the original, has continued to prove that for the province’s political determination and best efforts in attracting investment,” said Mr. Nguyen Duc Trung, Chairman of Nghe An Provincial People’s Committee.

Just a few days ago, on the last working days of 2021, Nghe An also awarded the investment registration certificate to Excel Smart Global Limited (Samoa) to build a component manufacturing factory. electronics and auto parts Ju Teng at Hoang Mai Industrial Park 1, with investment capital up to 200 million USD.

A major investment project in the technology field, which was granted an investment certificate in the early days of the new year, can be said to have brought good news for Vietnam’s foreign investment attraction in 2022. after having a quite successful year 2021, with over 31.15 billion USD of committed capital.

Not as busy as Nghe An, but Bac Giang has just granted investment certificates for a number of projects. Among them is the project of investor Zhengzhou Boruikate Tools Co. Ltd, as well as FUSHINI Vietnam Joint Stock Company. In particular, Capella Real Estate Joint Stock Company also received the investment certificate to deploy infrastructure construction of Yen Lu Industrial Park, with a scale of 377 hectares, with a total investment of nearly 2,700 billion VND. This project is a preparation for welcoming the next investment projects pouring into Bac Giang. In the last 2-3 years, Bac Giang has become the focus of investment attraction of the northern provinces, as it continuously welcomes large-scale investment projects in the high-tech field.

Early last year, after deciding to invest $270 million to build a factory specializing in manufacturing Macbooks and iPads for Apple in Bac Giang, Mr. Trac Hien Hong, General Director of Foxconn in Vietnam mentioned the plan to invest 700 more. million USD into Vietnam in 2021. However, due to the impact of the Covid-19 pandemic, this plan is slowing down. If the plans are continued, it will promise to have more Foxconn projects invested in Vietnam in the near future.

Opportunity for acceleration

Despite the impacts of the Covid-19 epidemic, Vietnam still attracted 31.15 billion USD in foreign investment in 2021, up 9.2% over the previous year. Entering 2022, the situation is even better.

Even very optimistic, Prof. Dr. Nguyen Mai, Chairman of the Association of Foreign Investment Enterprises also forecast that, in 2022, Vietnam can attract 40 billion USD of registered capital and 21-22 billion USD. realized capital.

In 2022, Vietnam can attract 40 billion USD of registered capital and 21-22 billion USD of realized capital. There are many reasons for Prof. Dr. Nguyen Mai to believe this. New-generation free trade agreements (FTAs) signed, the recovery of the economy, the reopening of international routes when the Covid-19 epidemic is better controlled will be ” “push” is important for attracting foreign investment into Vietnam.

Mr. Le Tuan, Assistant to the Office Manager, Head of Investment Department, Vietnam Economic and Cultural Office in Taipei also said that many Taiwanese investors are just waiting for Vietnam to reopen the roads. International flights are coming to learn and make new investment decisions.

“For Taiwanese investors, Vietnam is a market with a lot of potential,” said Mr. Le Tuan.

Not only Taiwanese investors, but also Japanese, Korean, Singaporean… have always confirmed this and are readying new investment plans.

Reports to the Government, the Ministry of Planning and Investment also said that there are currently many large-scale projects committed by corporations to invest in Vietnam in the near future. “This shows foreign investors’ confidence in Vietnam’s investment environment,” affirmed the Ministry of Planning and Investment.

Looking only at LEGO’s USD 1 billion investment commitment, or investment commitments of large corporations during special “investment promotion” trips of the country’s leaders in the last months of 2022, is can expect the recovery and acceleration of foreign investment in Vietnam.

In addition, according to the forecast of the United Nations Conference on Trade and Development (UNCTAD), after a decline in 2020, global investment flows tend to recover in 2021. Expected, in 2022 When the epidemic is well controlled and many countries issue new investment incentive mechanisms and policies, global investment will return to the level of 2019 – ie 1,500 billion USD. In particular, investment in Asia, especially some ASEAN countries, can reach a higher level than 2020.

As the investment “focal point” of the ASEAN region, Vietnam will certainly benefit. Moreover, determined to continue to improve the business and investment environment, including the recent issuance of Resolution No. 02/NQ-CP on the main tasks and solutions to improve the business environment, enhance improving national competitiveness in 2022, will also help Vietnam “raise” in the assessment of foreign investors.

Credit: Duc Nguyen (baodautu.vn)

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