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Friday, June 14, 2024

Vietnam’s overseas investments down in Jan-May

By Truc Dao

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HCMC – The first five months of this year saw Vietnam’s overseas investments plunging 57% against the same period last year to US$136.07 million, according to the Ministry of Planning and Investment.

Vietnamese investors have got involved in 42 new projects and injected additional capital into 10 existing ones in 16 different sectors.

The mining sector received the highest proportion of Vietnam’s outbound investments, at 43.1% of the total, followed by the processing-manufacturing industry with 23.9%, and the wholesale and retail sector with 8.3%.

During this period, the countries attracting the most substantial investments from Vietnam were the Netherlands (40.1%), Laos (36.8%), the United States (5.6%) and New Zealand (4.3%).

As of May 20, the country has 1,730 active outbound investment projects with total investment capital of over US$22.25 billion.

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