Vietnam invests over 316 million USD abroad in five months

Vietnam invested nearly 316.4 million USD abroad in the first five months of this year, equivalent to 93.5% of the figure recorded in the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Of the total, 142.7 million USD was poured into 47 new projects, or 48.6% of the figure in the same period in 2022 while 173.7 million was added to 16 underway ones, a year-on-year increase of 3.9 times.

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Vietnamese investors abroad invested in 13 sectors, especially retail and wholesale, information and communications, finance, banking, agro-forestry-fisheries.

In the January-May period, Vietnamese investments landed in 20 countries and territories, led by Canada with one new and one expanded project worth over 150.2 million USD. It was followed by Singapore, Laos, and Cuba.

The agency said that as of May 20, Vietnam had operated 1,648 valid projects abroad with combined investment of nearly 22.1 billion USD, including 141 by State-owned enterprises worth 11.67 billion USD, accounting for 52.8% of the country’s total.

Vietnamese investment abroad is mostly in mining (31.5%) and agro-forestry-fisheries (15.6%).

Leading destinations for Vietnamese investors are Laos (24.4%), Cambodia (13.3%), and Venezuela (8.3%).

Efforts to improve investment and business environment

The Provincial Competitiveness Index (PCI) 2022 is the recognition of the business community on the innovation and creativity efforts of local authorities over the past year. While Bac Giang, a province in the northern midland region, made great progress, ranking second, Hanoi and Ho Chi Minh City downgraded compared to the results in 2021. This reflects fierce competition in development, forcing localities to thoroughly grasp their strengths and weaknesses to make changes to avoid lagging.

 

Investment attraction to industrial park reaches yearly target

(BGO) – Total investment attraction to the industrial parks in Bac Giang province has hit yearly target, reported the provincial Industrial Park Management Board (IPMB)

 

Deputy PM greenlights infrastructure investment at VSIP Lang Son IP

Deputy Prime Minister Le Minh Khai on May 15 signed a decision approving an investment policy for the construction and operation of infrastructure at VSIP Lang Son Industrial Park in the northern mountainous province of Lang Son.

 

Bac Giang improves quality of investment attraction

The northern province of Bac Giang will focus on improving the quality of investment promotion work in the near future, said Chairman of the provincial People’s Committee Le Anh Duong.

 

Bac Giang urged to remove difficulties in business, production and public investment

(BGO) – The Government working delegation led by Member of the Central Party Committee, Minister of Industry and Trade Nguyen Hong Dien on May 11 paid a visit to Bac Giang province about the business, production, public investment, infrastructure construction, export and import. 

 

Source: VNA