According to calculations by the Foreign Investment Agency (Ministry of Planning and Investment), in 2023, it is possible to attract 36-38 billion USD of foreign investment capital registered in Vietnam.

Good news at the beginning of the year

A few days ago, the People’s Committee of Bac Giang province awarded an investment Memorandum of Understanding (MOU) between Yadea Group (Hong Kong, China) and Lideco 1 Joint Stock Company, infrastructure investor of Tan Hung Industrial Park. According to the signed MOU, Yadea will build a factory to produce and assemble electric motorbikes in Tan Hung Industrial Park, with an expected scale of about 2 million vehicles/year.

It is expected that with a total investment of 100 million USD, Yadea will build a factory on an area of ​​about 23.3 hectares, starting in the second quarter of 2023. When put into operation, the factory will create jobs for about 3,500 workers.

According to Mr. Rong Wen You, General Director, representative of Yadea, along with the implementation of the investment project, the Group will establish an electric motorbike research center in Tan Hung Industrial Park.

That is good news for Bac Giang in particular and Vietnam in general in attracting foreign direct investment (FDI), when 2023 has just begun. Not only this project, on January 2, still during the New Year holiday, the People’s Committee of Bac Giang province awarded investment registration certificates and MOUs to two investors.

Specifically, the investment registration certificate was awarded to Ingrasys Pte.Ltd (Singapore) to implement the Fulian Precision Technology Factory Project. The project is expected to be built on an area of ​​49.6 hectares, specializing in manufacturing electronic components, computers and communication equipment…

Meanwhile, the MOU with the Industrial Park Management Board of Bac Giang province was given to investor Hainan Longi Green Energy Technology Company Limited to implement the Solar Panel Manufacturing Project, with a capacity of 3,500 MW/year. year. According to the plan, the project will be implemented in the first quarter of 2023.

The above two projects have a total investment capital of about 761 million USD

If all three projects in Bac Giang are soon realized as planned, then in the first months of the year, Bac Giang can attract nearly 900 million USD, thereby contributing to Vietnam’s FDI attraction results. South in 2023.

Expect acceleration

Vietnam ended 2022 with not really positive results in attracting FDI. Although disbursed capital reached a record level, with more than 22.4 billion USD, an increase of 13.5% compared to 2021, registered capital only reached nearly 27.72 billion USD, equal to 89% compared to 2021. However, According to Mr. Do Van Su, Deputy Director of the Foreign Investment Department, the situation may be more positive in 2023. “We estimate that FDI attraction in 2023 can reach 36-38 billion USD, while the remaining capital is The budget reached about 22-23 billion USD”, Mr. Do Van Su said.

According to Mr. Su’s analysis, China’s opening of its economy may impact Vietnam’s FDI attraction. “In the region, China is still the top investment destination, so when they open up, capital will flow into this market, limited to Vietnam and other economies in the region. But on the contrary, the movement of investment capital from Korea, Japan, Taiwan… from China will be accelerated. This shift will be accelerated until 2025,” said Mr. Do Van Su.

Of course, when investment capital moves away from China, Vietnam will be a priority investment destination. Korea, Japan and Taiwan have always been major investment partners of Vietnam and are constantly increasing their investment.

Information said that in the first days of 2023, there may be more projects approved for investment.

One of them is Compal’s 260 million USD project in Thai Binh. According to information from Mr. K.C Chen, Deputy General Director of Compal Vietnam, the Group will rent more than 40 hectares of space in Lien Ha Thai Industrial Park to build a factory to produce and assemble electronic devices. Compal in mid-December 2022 signed a land lease agreement with the infrastructure investor of Lien Ha Thai Industrial Park to soon deploy the project in Vietnam.

Thus, after successfully reviving the 500 million USD project in Vinh Phuc, Compal continues to increase investment capital in Vietnam.

Similarly, in October 2022, Nghe An also agreed on the policy for Luxshare – ICT to increase investment capital by 150 million USD, after investing 140 million USD in VSIP Nghe An. According to the plan, the project will start construction in the first quarter of 2023 and officially go into production in March 2024.

In addition to Luxshare, Yongjin Vietnam Metal Science and Technology Co., Ltd. also plans to invest a $125 million project in WHA Industrial Zone Nghe An 1…

Not to mention, in 2022, Samsung has committed to invest 3.3 billion USD in Vietnam, but currently, only more than 2 billion USD has been realized. Maybe in 2023, the remaining commitment will also be invested in Vietnam.

It’s just the beginning of the year, but such information is positive. It is expected that in 2023, FDI capital into Vietnam will accelerate.