Connect with us

Business

Jan.–June foreign investment reported at $14.03 bln, down 8.9%

As of June 20, the total newly registered, adjusted, and contributed capital to buy shares of foreign investors reached $14.03 billion, down 8.9 percent, according to the Ministry of Planning and Investment.

Published

9 months ago

on

Although newly registered capital has not fully recovered after the interruption of anti-pandemic measures in 2021, adjusted capital and contributed capital to buy shares increased strongly by 65.6% and 41.4%, respectively.

Foreign investors have invested in 18 sectors out of a total of 21 national economic sectors. The processing and manufacturing industry continued to lead with a total investment of nearly $8.84 billion, accounting for nearly 63% of total registered investment capital.

Real estate ranked second with total investment capital of over $3.15 billion, accounting for 22.5% of total registered investment capital. Information and communication industries, and science and technology activities had total registered capital of nearly $442.6 million and $408.5 million respectively.

In terms of the number of new projects, wholesale and retail, the manufacturing and processing industry, and professional science and technology activities are the industries that attract the most projects, accounting for 30.1%, and 25, respectively. 4% and 16.5% of total projects.

Singapore is the largest investor

In the first 6 months, 84 countries and territories have invested in Vietnam. Singapore leads with a total investment capital of over $4.1 billion, accounting for 29.5% of the total investment capital in Vietnam, down 26.6% over the same period in 2021.

South Korea ranked second with over $2.66 billion, accounting for nearly 19% of total investment capital, up 29.6% over the same period. With a Lego project with a total investment of over $1.3 billion, Denmark continues to rank third with a total registered investment capital of nearly $1.32 billion, accounting for 9.4% of the total investment capital.

According to the number of projects, Korea is still the partner with investors interested in and making new investment decisions as well as expanding investment projects and contributing capital to buy shares the most in the first 6 months of 2022 (accounting for 21.3% of the total number of projects, 35.9% of adjustments, and 36.7% of contributing capital to buy shares).

Foreign investors have invested in 49 provinces and cities across the country in the first 6 months of 2022. Binh Duong leads the way with a total registered investment capital of over $2.53 billion, accounting for 18% of the total registered investment capital and increasing 98.2% over the same period in 2021.

Ho Chi Minh City ranked second with a total investment capital of over $2.2 billion, accounting for 15.8% of total capital, up 55.2% over the same period. period. Bac Ninh ranked third with a total registered investment capital of nearly $1.63 billion, accounting for 11.7% of total capital and increasing more than 3.3 times over the same period in 2021.

In terms of the number of new projects, foreign investors still focus on investing a lot in big cities with convenient infrastructure such as Ho Chi Minh City, and Hanoi. In, Ho Chi Minh City leads in the number of new projects (40.4%), the number of public service providers (68.3%), and is second in the number of projects with capital adjustment (14% after Hanoi is 16.6%).

FDI sector records $15.8 billion trade surplus

Export turnover of the FDI sector continued to increase in the first 6 months of 2022. Exports (including crude oil) were estimated at nearly $136.36 billion, up 16% over the same period, accounting for 73.5% of export turnover.

Exports excluding crude oil were estimated at nearly $135.2 billion, up 15.8% over the same period, accounting for 72.9% of the country’s export turnover.

Export turnover of the FDI sector continued to increase in the first 6 months of 2022. Exports (including crude oil) were estimated at nearly $136.36 billion, up 16% over the same period, accounting for 73.5% of export turnover.

Exports excluding crude oil were estimated at nearly $135.2 billion, up 15.8% over the same period, accounting for 72.9% of the country’s export turnover.

Imports of the FDI sector were estimated at over $120.52 billion, up 16.1% over the same period and accounting for 64.8% of the country’s import turnover

Generally, in the first 6 months of 2022, the FDI had a trade surplus of over $15.8 billion including crude oil, and a trade surplus of nearly $14.7 billion excluding crude oil. Meanwhile, the domestic business sector had a trade deficit of nearly $16.4 billion.

Source: https://e.nhipcaudautu.vn/economy/janjune-foreign-investment-reported-at-1403-bln-down-89-3346415/

Related Topics:

Business

Travel giant Saigontourist expects $146 mln gross profit in 2023

Saigontourist Group, Vietnam’s leading travel company, is targeting a gross profit of VND3.43 trillion ($145.69 million), up 22.5% year-on-year.

Published

6 hours ago

on

March 27, 2023

By

The corporation is aiming for a revenue of VND14 trillion ($594 million) in 2023, up 22% year-on-year, according to data released at its business review meeting on Tuesday.

In 2023, Saigontourist Group expects to welcome 1.68 million visitors, up 62.3% compared to 2022.

Truong Duc Hung, deputy CEO of Saigontourist, said that in order to achieve those targets, the group will focus on synchronously and flexibly deploying solutions to recover domestic and international markets. 

“We will build a synchronous and unique ecosystem of products through its strengths in accommodation, travel, cuisine, entertainment, conferences, and seminars,” he said.

In 2022, Saigontourist served 1.12 million visitors, up 199% year-on-year and up 13% compared to the target. 

The group’s revenue reached VND12.2 trillion ($518.2 million), up 104.8% year-on-year and up 17.3% compared to the target. Its gross profit hit VND3 trillion ($127.43 million), up 368.7% and 48.1%, respectively.

Established in 1975, Saigontourist is managing more than 100 hotels, resorts, restaurants, tour operators, amusement parks, tourism training schools, exhibition areas, conference and seminar centers, golf courses, and cable TV etc.

Source: The Investor

Source: https://e.nhipcaudautu.vn/companies/travel-giant-saigontourist-expects-146-mln-gross-profit-in-2023-3351468/

Continue Reading

Business

Vietnam Airlines restarts air services between Hanoi and Beijing

Published

8 hours ago

on

March 27, 2023

By

Vietnam’s national flag carrier Vietnam Airlines has resumed its regular flights linking Hanoi and Beijing after a three-year pause due to the COVID-19 pandemic.

The airline’s flight VN513 departed from Beijing at 3:30 pm and landed in Hanoi at 5.55 pm on Sunday.

Before the resumption of the Beijing-Hanoi flight, Vietnam Airlines held a welcoming ceremony for the passengers on board at Beijing International Airport, with the participation of Vietnam and China’s competent agencies and enterprises and over 100 passengers.

The air carrier is operating the Hanoi-Beijing air route with a frequency of three round-trip flights a week.

The airline will start increasing its frequency from mid-2023, while planning to open an air route connecting with Beijing’s Daxing International Airport.

China is one of Vietnam Airlines’ biggest international source markets. The air carrier has reopened most of its air routes linking Vietnam to China, said a representative of the airline.

The airline will resume four air routes connecting Da Nang in Vietnam’s central region with China’s Guangzhou, Shanghai and Chengdu, and between Hanoi and Chengdu in the coming months. 

Vietnam Airlines is set to use wide-body Airbus A350 and Boeing 787 aircraft for its routes with China.

The resumption of air services between the two countries will contribute to speeding up the post-pandemic tourism recovery and driving up bilateral trading activities, apart from helping fulfill Vietnam’s target of attracting international tourists in 2023.

Vietnam looks to serve 110 million tourists in 2023, with some eight million from abroad and 102 million domestic visitors. The country is also expected to earn about VND650 trillion (US$27.5 billion) in tourism revenue this year.

In 2022, over 3.66 million international tourists traveled to Vietnam, a year-on-year surge of 23.3-fold, according to data from the General Statistics Office of Vietnam.

Over 89 percent of the total arrived in Vietnam by air, up 29.5-fold against 2021, local media reported.

After China added Vietnam to its list of approved countries for group tours on March 15, Vietnamese airlines are racing to transport passengers between the two destinations. 

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Vietnam’s national flag carrier Vietnam Airlines has resumed its regular flights linking Hanoi and Beijing after a three-year pause due to the COVID-19 pandemic.

The airline’s flight VN513 departed from Beijing at 3:30 pm and landed in Hanoi at 5.55 pm on Sunday.

Before the resumption of the Beijing-Hanoi flight, Vietnam Airlines held a welcoming ceremony for the passengers on board at Beijing International Airport, with the participation of Vietnam and China’s competent agencies and enterprises and over 100 passengers.

The air carrier is operating the Hanoi-Beijing air route with a frequency of three round-trip flights a week.

The airline will start increasing its frequency from mid-2023, while planning to open an air route connecting with Beijing’s Daxing International Airport.

China is one of Vietnam Airlines’ biggest international source markets. The air carrier has reopened most of its air routes linking Vietnam to China, said a representative of the airline.

The airline will resume four air routes connecting Da Nang in Vietnam’s central region with China’s Guangzhou, Shanghai and Chengdu, and between Hanoi and Chengdu in the coming months. 

Vietnam Airlines is set to use wide-body Airbus A350 and Boeing 787 aircraft for its routes with China.

The resumption of air services between the two countries will contribute to speeding up the post-pandemic tourism recovery and driving up bilateral trading activities, apart from helping fulfill Vietnam’s target of attracting international tourists in 2023.

Vietnam looks to serve 110 million tourists in 2023, with some eight million from abroad and 102 million domestic visitors. The country is also expected to earn about VND650 trillion (US$27.5 billion) in tourism revenue this year.

In 2022, over 3.66 million international tourists traveled to Vietnam, a year-on-year surge of 23.3-fold, according to data from the General Statistics Office of Vietnam.

Over 89 percent of the total arrived in Vietnam by air, up 29.5-fold against 2021, local media reported.

After China added Vietnam to its list of approved countries for group tours on March 15, Vietnamese airlines are racing to transport passengers between the two destinations. 

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20230320/vietnam-airlines-restarts-air-services-between-hanoi-and-beijing/72181.html

Continue Reading

Business

Be Group receives investment from GSM

Be Group and Vingroup’s Green and Smart Mobility Joint Stock Company (GSM) have signed an investment cooperation agreement to bring electric vehicles and electric motorbikes into operation in transport services in Vietnam.

Published

12 hours ago

on

March 27, 2023

By

Under the agreement, Be Group will receive direct investment from GSM to become a multi-service consumer platform and provide the best technology transportation service in Vietnam.

Through financial partners, GSM will also support Be Group drivers to switch from gasoline vehicles to electric vehicles.

In the first phase of their cooperation, the two will partner with the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to offer exclusive policy deals to Be drivers to rent or purchase VinFast electric vehicles and motorbikes.

They will also share a ride-hailing platform. Customers can choose from GSM’s electric taxi service or beCar and beTaxi when booking on the Be platform.

With economical operating costs and “no noise, no emissions” experience, electric vehicles and motorbikes will help Be Group and its drivers improve service quality and optimize business efficiency.

Mr. Nguyen Van Thanh, General Director of GSM, said the cooperation agreement is an important step in the strategy of “greening” public transport in Vietnam that GSM is seriously and vigorously implementing. “This agreement will give hundreds of thousands of Be Group drivers the opportunity to switch to smart, modern, environmentally-friendly electric vehicles at a reasonable cost,” he added.

“We believe that our cooperation with GSM can help realize the ambition of greening the streets in a shorter time, so that users and drivers can experience safe, noise-free transportation at a fair cost,” Ms. Vu Hoang Yen, General Director of the Be Group, said. “This cooperation also demonstrates our contribution to the government’s overall policy in committing and implementing solutions towards reaching the goal of ‘net zero emissions’ by 2050.”

GSM was launched earlier this month by Vingroup Chairman Pham Nhat Vuong. The company has charter capital of $125.7 million, with the Vietnamese billionaire owning a 95 per cent stake. On top of operating its own services, GSM will also provide vehicles for online and traditional taxi service providers.

Under the plan, GSM will officially put into operation the electric taxi service and lease VinFast electric vehicles and motorbikes in April, with up to 10,000 cars and 100,000 motorbikes.

Together with Be Group drivers converting to electric vehicles and motorbikes, green transport services promise to quickly explode in Vietnam in the near future.

Be Group is the startup behind the “Be” multi-service consumer platform. It provides services such as transportation, goods delivery, food delivery, grocery shopping, insurance, and telecommunications, as well as digital banking through Cake by VPBank.

Last September, it secured a loan facility of some $60 million from Deutsche Bank, with the option to increase the financing to $100 million.

Source: VnEconomy

Source: https://e.nhipcaudautu.vn/companies/be-group-receives-investment-from-gsm-3351477/

Continue Reading

Trending