Vietnamese investment overseas hits over US$474 million

Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded US$474.1 million during the past 11 months, equivalent to approximately 70% of the figure recorded in the corresponding period last year, reported the Ministry of Planning and Investment.

Of the total amount, over US$395.81 million was poured into 101 new projects, representing a 1.6-fold increase in terms of the value year on year, while more than US$78.3 million was added to existing ones, equivalent to 18.1% of the figure from the same period last year.

Vietnamese businesses invested abroad in a total of 14 industries throughout the reviewed period. The processing and manufacturing industry took the lead with nearly US$236.4 million, followed by real estate, mining, wholesale, and retail.

Vietnamese investments were largely channeled into 27 countries and territories, with Singapore becoming the largest recipient at nearly US$79.5 million, followed by Laos, the United States, Germany, and the Netherlands.

As of November 20, the country had 1,604 valid investment projects overseas totaling nearly US$21.68 billion.

Source: VOV.vn
Nov 30, 2022