Today: 29/09/2023 21:43:34 (GMT+7)

FDI to remain strong in 2023: forecast

Foreign investments are expected to flow into the tech and property sectors this year despite concerns about a global economic slowdown.

They tripled year-on-year to US$1.2 billion in January, with the number of projects surging by 48.5% to 153, according to the Ministry of Planning and Investment.

The investment in Vietnam’s tech sector is a positive considering the short-term decline in the global tech industry, according to lender HSBC.

FDI, remain strong, forecast, Foreign investments, global economic slowdown, global tech industry, exchange-traded funds

An industrial park in Binh Duong Province.

Chinese display manufacturer BOE is reportedly planning to invest $400 million to build two factories in Vietnam, while Apple plans to start making MacBooks in the country this year.

Some property market insiders expect a boost in foreign investment.

Last year property ranked second in FDI at $4.45 billion, or 16.1% of the total investment.

Starting in mid-2023, when interest rates are likely to stabilize, investment is expected to pour into Asian property, especially Vietnam, which is considered a safe country to invest amid global uncertainty.

"There is still a large amount of capital waiting to be pumped into the property market," David Jackson, CEO of property consultancy Colliers International Vietnam, said.

"Office, industrial and logistics are set to attract the most interests in Vietnam this year."

Residential and tourism property are also expected to benefit.

But global recession and tightened spending remain obstacles.

"We believe the situation will improve in the second half of the year and become favorable for FDI," ACB Securities said in a note.

Foreign portfolio investment has been robust, with exchange-traded funds investing more than VND3 trillion for a fourth month in a row in January.

On the stock markets, foreign investors’ net buying was worth VND4.2 trillion last month.

But SSI Securities warned that the reopening of China means investors could take their money there, weakening inflows into neighboring markets.

FDI disbursement highest in past five years
Disbursement of foreign direct investment (FDI) in Vietnam in 2022 is estimated at nearly 22.4 billion USD, up 13.5% year-on-year, making it the highest amount in the past five years, the General Statistics Office (GSO) announced on December 29.
Positive FDI attraction to Bac Giang province
(BGO) - Apart from highest ever economic growth in the history, Bac Giang was one of localities with impressive result of investment attraction in 2022. Particularly, the province secured ninth position nationwide in foreign direct investment (FDI) attraction which helped affirm Bac Giang continues to be attractive destination for investors.
Nearly 693 million USD of registered investment added to FDI projects in Bac Giang
(BGO) – Bac Giang province approved to increase registered capital of 44 foreign direct investment (FDI) projects in 2022 to add nearly 693 million USD, representing 1.7 fold increase year on year.
Bac Giang provincial leader extends Tet greeting to FDI enterprises
(BGO) – On December 19, Vice Chairman of the Bac Giang provincial People’s Committee (PPC) Phan The Tuan led a delegation to visit and extend Tet greeting to three foreign directed investment (FDI) companies in Quang Chau industrial park (Viet Yen district), including Fuyu Precision Technology Company Limited, Nichirin Vietnam Company Limited and Lens Vietnam Company Limited.
FDI exceeds 22.46 billion USD in the first 10 months of 2022
The foreign direct investment (FDI) reached over 22.46 billion USD in the first 10 months of 2022, according to the Ministry of Planning and Investment.

Source: VnExpress

FDI, remain strong, forecast, Foreign investments, global economic slowdown, global tech industry, exchange-traded funds
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