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Over 416 million USD invested abroad in 8 months

Vietnamese companies invested over 416 million USD abroad in the first eight months of this year, up 5.2% year-on-year, the Foreign Investment Agency under the Ministry of Planning and Investment has reported.

Of the total, nearly 244.37 million USD was poured into 79 new projects, or 70.8% of the figure in the same period in 2022, while 171.96 million USD was added to 18 existing ones, a year-on-year increase of 3.38 times.

Over 416 million USD, invested abroad, Vietnamese companies, year-on-year increase, electricity production and distribution

Leading destination for Vietnamese investor is Laos, accounting for 24.7% of the total investment abroad in the first eight months of 2023.

Vietnamese investors abroad invested in 13 sectors, especially retail and wholesale (150.28 million USD), information and communications (114.32 million USD), electricity production and distribution, agro-forestry-fisheries; and finance – banking.

In the January – August period, Vietnamese investments landed in 23 countries and territories, led by Canada with one new and one capital-added project worth over 150.2 million USD, accounting for 31.6% of the total investment. It was followed by Singapore, Laos, and Cuba.

As of August 20, Vietnam had operated 1,665 valid projects abroad with a 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, the agency said.

Vietnamese investment abroad is mostly in mining (31.5%) and agro-forestry-fisheries (15.5%).

Leading destinations for Vietnamese investors are Laos (24.7%), Cambodia (13.3%), and Venezuela (8.3%).

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Source: VNA

Over 416 million USD, invested abroad, Vietnamese companies, year-on-year increase, electricity production and distribution
 
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