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Saturday, June 15, 2024

Vietnam’s outbound investment surges in Jan

By Le Hoang

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HCMC – Vietnamese firms poured over US$36.9 million into their projects abroad in January, 11.7 times higher than the figure in the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Specifically, 15 projects received investment certificates overseas with total registered capital of nearly US$44.2 million, soaring nearly 14 times year-on-year.

In addition, a project had its investment added by US$9.19 million but another project’s investment was reduced by US$16.4 million.

According to the Foreign Investment Agency, Vietnamese firms invested in 13 sectors in January, with the mining sector receiving the most capital as a project in the sector received US$35.54 million, making up 90.8% of Vietnam’s total outbound investment.

The finance-banking sector came in second with US$9.19 million, followed by the wholesale-retail and transport-logistics sectors.

Laos was the largest receiver of Vietnam’s investment with US$48.23 million, pouring into two new projects and an operational project. It was followed by the United States, China, South Korea and Japan.

As of January 20, Vietnam has invested over US$20.9 billion in nearly 1,500 projects overseas, mainly in the mining and agro-forestry-fishery sectors. Countries having received the largest investment from Vietnam are Laos, Cambodia and Venezuela.

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