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Vietnam’s 2023 outbound investments dip 21.2% y-o-y

The Saigon Times

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HCMC – Vietnam’s 2023 outbound investments totaled US$420.9 million, dropping 21.2% compared to the previous year, according to data from the General Statistics Office (GSO).

GSO data showed that Vietnam had 124 new overseas projects last year, with total pledged capital of US$282.7 million. While this represented a 33.7% fall over 2022, 25 projects underwent capital adjustments, resulting in a 1.3-fold increase and contributing an additional US$138.2 million to outbound investments.

The wholesale and retail sector accounted for 37.3% of total investments, followed by information and communications with a 28.7% share.

Vietnam extended its investment presence to 26 countries and territories in 2023. Canada topped the list, attracting US$150.3 million, equivalent to 35.7% of the total investment. Singapore followed with US$122.6 million (29.1%), and Laos secured US$116.7 million (27.7%).

Minister of Planning and Investment Nguyen Chi Dung emphasized the growing collaboration with Laos, noting continuous development in bilateral investments. Successful projects contributed to socioeconomic development and earned recognition from the Lao government.

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