Vietnam's investment abroad rises 2.5 times in six months

Total investment of Vietnamese investors abroad reached nearly US$547 million in the first six months of this year, up nearly 2.5 times over the same period in 2020.

The investment capital included both newly registered and supplemented capital including US$300 million contributed by Vietnamese conglomerate Vingroup in the US.

Vinfast supplements US$32 million in its project in Germany in the first half of this year.

According to the Ministry of Industry and Trade, 24 new projects were licensed in the first half of this year with total registered capital of US$143.8 million while nine projects saw expanded capital of US$403.2 million.

Among the expanded projects, Vingroup poured an additional US$300 million into the US market, Indochina Rubber Investment and Development Company increased its investment in Cambodia by US$76 million, and Vinfast supplemented the German market with US$32 million, among others.

Vietnamese investor invested in 12 areas, with largest investment in science and technology at US$270.8 million, accounting for 49.5% of total investment abroad. Wholesale and retail sales came in second with investment of US$148.6 million, accounting for 27.2% of the total.

Fifteen countries and territories received investment from Vietnam in the first six months of this year with largest investment in the US, Cambodia, Canada, France and others.

Vietnam has so far participated in 1,420 valid projects abroad with total investment capital of over US$21.8 billion.

Disbursement of public investment in April sees highest rise in five years

Disbursement of public investment in April was estimated at VND30.4 trillion (over US$1.3 billion), a sharp increase of 23.9% over the same period last year and equivalent to 6.6% of the yearly target, according to the General Statistics Office (GSO).

 

Van Trung industrial parks lure two more investment projects

(BGO) – Since early April, two more projects have been invested in the industrial park in Bac Giang province. 

 

Vietnam, Singapore beef up investment links in industry

A forum to promote investment in industries in Vietnam was held online on April 15 within the framework of the Vietnam International Trade Fair (Vietnam Expo 2021) in Singapore.

 

Investment attraction priority taken to field with competitive advantage

(BGO) – Recently, the Ministry of Planning and Investment has verified Plan of Bac Giang province in period 2020 – 2030 with the vision to 2050. In the Plan, Bac Giang targets to be a modern industrial province with GRDP in top 15 leading provinces and cities nationwide and ranking first in the Northern Midland and Mountainous Region. To realize the goal, the province should implement solutions synchronously, especially investment attraction.

 

Vietnam welcomes expansion of ROK investment: PM

Vietnam always pays attention to creating favourable conditions for businesses and investors from the Republic of Korea (ROK) to expand their activities in the nation, said Prime Minister Nguyen Xuan Phuc, noting that the bilateral ties are getting stronger thanks to the presence of Korean conglomerates like Samsung, SK, Hanwha, Daewoo, and Lotte in Vietnam.

 

Source: NDO