The wave of FDI into Vietnam: The capital is "terrible" right from the beginning of the year

Restoring the visa policy to open the door to international visitors not only brings a positive signal to the tourism industry, but also an opportunity to welcome the wave of FDI into Vietnam more favorable.

More than two years of being affected by the COVID-19 pandemic, although foreign investment still flows into Vietnam, the rate is still only achieved at a modest level when investing through capital contribution, buying and selling capital. shares (M&A) are greatly restricted from investors coming to Vietnam to negotiate and sign deals.

However, by 2022, according to a report of the Ministry of Planning and Investment, from the beginning of the year until now, Vietnam has attracted nearly 5 billion USD in FDI, although this figure is 91.5% compared to the same period last year, but shows a positive signal during the pandemic. In which, the realized capital of foreign investment projects in the first 2 months of the year reached 2.68 billion USD, up 7.2% over the same period last year and 0.4 percentage points up compared to January 2022. Notably, after March 15, visa policies are relaxed, which will be an important condition to attract foreign investment capital to land in Vietnam.

Assessing the prospect of attracting FDI enterprises in the near future, Mr. Nguyen Hai Minh, Vice President of the European Business Association in Vietnam (Eurocham), said that investors still see Vietnam as a bright spot with many potentials and opportunities, in the immediate future are about new investment projects, expansion or additional investment.

Some big investors have researched and explored the Vietnamese market before and still made investment decisions even in the context of the epidemic. For example, LEGO Group started a new 44-hectare factory in Binh Duong province with a total investment of more than 1 billion USD, this is the FDI project with the largest capital from Denmark in Vietnam.

Or recently in Bac Ninh, Amkor’s semiconductor production project (Korea) was invested in this province. This is also a project due to immigration procedures, so it took until early November 2021 for Amkor’s leaders to come to Vietnam to sign an agreement to develop the Material Manufacturing, Assembly and Testing Plant Project. semiconductor materials at Yen Phong II Industrial Park, with a scale of 1.6 billion USD. The investment capital for phase I of the project is USD 520 million, expected to be disbursed within 5 years and the remaining investment capital will be invested until 2035.

 

Nhiều tập đoàn lớn đầu tư sản xuất thiết bị điện tử, chất bán dẫn tại Việt Nam.

In addition, it is impossible to mention Hai Phong city, which is the locality that attracts FDI enterprises to invest and is always at the top of the North. Specifically, in the first two months of 2022, Hai Phong city attracted US$305.66 million in foreign investment, equaling 38.25% over the same period, reaching 12.22% of the plan.

The most prominent are the projects of Pegatron Vietnam Co., Ltd., Usi Vietnam, Tesa Site Vietnam. In which, Pegatron Vietnam invested in building a factory with a total capital of 500 million USD to manufacture electronic equipment (civil electronics, computers and computer peripherals, communication equipment, components). electronics, circuit boards at Lot CN 3B, Deep C Industrial Park 2A.

Tesa Hai Phong adhesive tape factory at Lot CN 2A, Deep C Industrial Park 2B has an investment capital of 55 million euros, divided into 2 phases, producing 40,000,000 m3 of adhesive tape per year. The factory is expected to be inaugurated in the first quarter of 2023, after which it will go into the commissioning and initial testing phase. By the first quarter of 2024, Tesa will officially put the factory into operation.

The manufacturing plant of Universal Scientific Industrial (USI) Vietnam Co., Ltd. at Lot CN4.1H, DEEP C Industrial Park with a total investment of 200 million USD, produces electronic circuit boards of wearable devices (watches) , phones, headsets) to supply the world’s leading electronics brands.

In particular, the above FDI enterprises also built two housing projects for staff and employees, with a capacity of about 14,000 workers of Pegatron Vietnam Co., Ltd and Universal Scientific Industrial Vietnam Co., Ltd.

Mr. Le Trung Kien, Head of Hai Phong Economic Zone Authority, said that the granting of investment registration certificates for two construction projects of worker housing of Pegatron Vietnam Co., Ltd and Universal Scientific Co., Ltd. Industrial Vietnam in Dinh Vu – Cat Hai Economic Zone at this time is a very meaningful event in the context of the complicated situation of the epidemic, which directly affects the lives of workers and the situation in the country. production and business of enterprises.

Lãnh đạo thành phố Hải Phòng thăm nhà máy Pegatron Việt Nam.

Besides, there are many large FDI investors who have continuously expanded their investment in Vietnam such as Samsung Group and Goertek. Earlier this year, Samsung increased its investment capital by 920 million USD in Samsung Electromechanical Factory (SEMV), thereby bringing the total investment capital in Vietnam to over 19 billion USD, more than 28 times higher than the initial commitment. 670 million USD) in 2008, continues to affirm its position as the largest foreign investor in Vietnam.

According to Mr. Choi Joo Ho, General Director of Samsung Vietnam, in its development plan, Samsung will step by step turn Vietnam into not only a key global production base, but also a strategic R&D center. Group.

With Goertek, this is a secondary manufacturer for many of the world’s leading technology businesses, including Apple. At the beginning of this year, after increasing capital by 400 million USD to bring the total investment capital of the factory in Nghe An to 500 million USD, Goertek has also continued to increase the investment capital by more than 300 million USD for the Equipment Processing Factory. electronic equipment, audio and multimedia products in Bac Ninh. Adding this investment capital, Goertek’s project in Bac Ninh has an investment capital of 565.7 million USD. Goertek is a unit specializing in manufacturing Airpods for Apple in Vietnam and contributes significantly to the export turnover of the country.

Thereby, it shows that foreign investment capital into Vietnam has not stopped flowing, although it is slower than before the Covid-19 epidemic. But surely, Vietnam will be a country that strongly attracts foreign investment capital into Vietnam in 2022. FDI will continue to be a particularly important capital flow for growth and international economic integration, contributing to turning Vietnam into a technology and electronic equipment manufacturing factory, deeply involved in the global supply chain.

Theo diendandoanhnghiep.vn

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