Investments of Lego in Binh Duong brought Denmark into the top three leading investors in Vietnam

In the first quarter of 2022, Vietnam counted total FDI inflows of about $8.9 billion, equivalent to a rise of 87.9 per cent on-year.

According to the Ministry of Planning and Investment's Foreign Investment Agency, $3.21 billion were poured into 322 newly-licensed projects, an increase of 37.6 per cent in the number of projects, but a sharp decrease of 55.5 per cent in value.

Besides this, $4.06 billion were added to 228 projects currently underway, almost twice as high as a year ago in value and 41.6 per cent more in the number of projects. Overseas investors also poured $1.63 billion into 734 share purchase deals, more than twice as high as a year ago in value.

The agency highlighted numerous electronics and high tech projects with large investments in the first quarter of the year. For example, Samsung Vietnam in Thai Nguyen province added $920 million to its funds.

There was a sharp decline in newly-registered capital, while capital disbursement went up by 7.8 per cent on-year to $4.42 billion, the highest amount over the last five years.

With the continuous and effective support of the government and authorities, along with the efforts of the business community, many firms have been recovering and expanding.

Among the 18 sectors receiving funds in the first quarter, processing and manufacturing took the lead with $5.3 billion, accounting for 59.5 per cent of total registered FDI. It was followed by real estate with over $2.7 billion, making up 30.3 per cent, science and technology ($200.4 million), and power generation and distribution ($194.6 million).

Singapore still led the 65 countries and territories investing in Vietnam in the first quarter with a total investment capital of nearly $2.29 billion, followed by South Korea ($1.61 billion) and Denmark ($1.32 billion) thanks to the Lego project with $1.3 billion of registered investment.

Binh Duong has attracted the highest amount of FDI in the first quarter with over $2.32 billion, followed by Bac Ninh ($1.42 billion), Thai Nguyen ($934 million), Hanoi ($575.5 million), Haiphong ($510.4 million), and Ho Chi Minh ($406.6 million).

Accumulated to the end of this month, there were 34,815 valid foreign-invested projects across the country with total registered capital of $422.84 billion, and their disbursement was almost $256 billion, equivalent to 60.5 per cent of valid registered capital