Foreign investment (FDI) has become an important component of the wood industry. Statistical data of the forestry industry shows that the industry currently has over 3,500 enterprises participating in export. Of these, the number of FDI enterprises accounts for less than 20%. Although only a small proportion, the export turnover of the FDI group always accounts for nearly half of the total export turnover of the whole industry. The number of FDI enterprises participating in the industry and the export turnover of this sector have always grown steadily in recent years.
Foreign direct investment (FDI) plays an important role in Vietnam's wood industry. Currently, the industry has a large presence of enterprises in this sector in key stages of the supply chain, including production, processing and export. FDI enterprises produce diverse output products, but focus mainly on wood processing and recently pellets. Some basic information about the activities of this group of FDI enterprises in 2023 includes:
New investment projects
New investment projects (DAs) in 2023 increased compared to 2022. In 2023, the industry received 57 new projects (DAs) with a total investment capital of about 300 million USD. Projects with equity from China account for 49.1% of the number of projects and 35.5% of the investment capital. Other major sources of FDI projects include Singapore, Hong Kong (China), Seychelles and Japan.
There were 12 countries and territories investing in the industry during the year.
The average investment capital scale of each new FDI project in 2023 will reach about 5.26 million USD/project, an increase of 1.6 times compared to the scale of each project in 2022.
Wood processing is the industry group that receives many new FDI investment projects, followed by artificial boards (plywood, flooring), pellets, wood trade and wood industry support.
The localities receiving the most new projects include Binh Duong (18 projects), Binh Phuoc (15 projects), Long An and Bac Giang each receiving 3 projects.
Contribute capital to buy shares
In 2023, the number and value of capital contributions to purchase shares will increase by over 1.1 times compared to the whole year of 2022. There are 36 times of capital contributions to purchase shares, with contributed capital reaching 139.83 million USD, an increase of 9.1%. in quantity and 27.1% in capital value compared to 2022
FDI enterprises from China have the largest number of capital contributions and share purchases.
Capital adjustment
The number of capital adjusted projects in 2023 will increase nearly 1.2 times in both quantity and capital compared to 2022.
In 2023, there will be 35 capital adjustments, with increased capital reaching 57.24 million USD, an increase of 16.7% in quantity and 7.8% in capital compared to 2022.
Export of FDI enterprises
In 2023, the number of FDI enterprises participating in export accounts for only 18.8% of the total number of export enterprises in the country, but the export turnover of this group will reach 6.24 billion USD, accounting for 47.4% of the total export turnover. industry's export.
The proportion of export turnover of Chinese FDI enterprises is the largest, accounting for 33.1% of the total export turnover of all FDI enterprises. Next are enterprises from Taiwan (China) (15.4%), British Virgin Islands (14.1%) and Singapore (7%).
The above data shows that in 2023, new investment projects, capital contributions, share purchases and capital adjustments of FDI enterprises in the wood industry have increased compared to 2022. The increase in enterprises' activities FDI, including exports, is partly a result of the new generation of free trade agreements that Vietnam is participating in, and is also due to the advantage of Vietnam's geographical location and the development of national wood industry ecosystem. In addition, the wood industry attracts FDI due to the Government's preferential policies and is also directly benefiting from trade defense measures that the US Government applies to some wooden products. China exports to the US.
