AI Summary
Logo of Ministry of Investment
The Ministry of Investment issued nearly 2,192 licenses in the third quarter of 2023, a surge of 136% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur).
Compared to Q2 2023, the number of investment licenses increased 21% from around 1,819.
The total number of new investment licenses reached 2,202 for the same period.
The following table shows the development of investment licenses since the first quarter of 2020:
|
Investment Licenses since 2020* |
|||
|
Period |
Number of Licenses |
Growth Rate |
|
|
Q1 2020 |
351 |
+19% |
|
|
Q2 2020 |
156 |
(46%) |
|
|
Q3 2020 |
307 |
+22% |
|
|
Q4 2020 |
449 |
+55% |
|
|
Q1 2021 |
476 |
+35% |
|
|
Q2 2021 |
528 |
+234% |
|
|
Q3 2021 |
854 |
+178% |
|
|
Q4 2021 |
976 |
+117% |
|
|
Q1 2022 |
1,216 |
+156% |
|
|
Q2 2022 |
938 |
+78% |
|
|
Q3 2022 |
930 |
+9% |
|
|
Q4 2022 |
1,282 |
+31% |
|
|
Q1 2023 |
1,639 |
+35% |
|
|
Q2 2023 |
1,819 |
+94% |
|
|
Q3 2023 |
2,192 |
+136% |
|
According to the report, the building and construction activity topped the new investment licenses during Q3 2023, with 654 licenses, followed by manufacturing activity with 360 licenses.
The following table shows the distribution of investment licenses by sector during Q3 2023:
|
New Foreign Investment Licenses by Sector in Q3 2023* |
|
|
Sector |
No. of licenses |
|
Construction |
654 |
|
Manufacturing |
360 |
|
Professional, Scientific and Technical Activities |
216 |
|
Information and communication |
204 |
|
Accommodation and Food Service |
166 |
|
Administrative & Support Services |
138 |
|
Wholesale, and Rerail Trade |
137 |
|
Transportation & Storage |
89 |
|
Arts, Entertainment & Recreation |
32 |
|
Real Estate |
29 |
|
Other |
29 |
|
Water Supply, Sewage Activities and Waste Management |
27 |
|
Health and Social Activities |
25 |
|
Agriculture, Forestry & Fishing |
25 |
|
Financial & Insurance Services |
22 |
|
Education |
20 |
|
Mining & Quarrying |
17 |
|
Electricity, Gas, Steam and Air Conditioning |
11 |
|
Public Administration and Defense |
1 |
|
Total |
2,202 |
*Including licenses issued under the campaign to rectify the violators status of Tasattur.
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