Vietnamese firms rise capital for overseas investment

Thứ Ba, 29/06/2021, 15:57

PSNews - The Foreign Investment Agency under the Ministry of Planning and Investment on June 27 announced that, overseas investment by Vietnamese firms neared US$547 million in the first half of 2021, rising close to 2.5 folds against the same period last year.

Photo for illustration. Source: NDO.

As repoted, as many as 24 new projects with a combined registered capital of US$143.8 million were granted investment certificates in the months, equivalent to 77.6 % of the same period last year.

Over US$403 million were added to nine existing projects in H1. They included two projects of the Vingroup conglomerate and its automobile arm Vinfast which were adjusted up by US$300 million and US$32 million in the US and Germany, respectively.

Among the 12 fields of investment, Vietnamese firms channeled US$270.8 million into science-technology projects, accounting for nearly half of the total. Wholesale and retails came second with US$148.6 million.

The US was the top destination for Vietnamese capital in the period with US$302.8 million, holding a lion’s share of 55.4 %. Cambodia ranked second with US$89.2 million, followed by Canada and France.

As of June 20, Vietnam had 1,420 valid overseas projects totaling US$21.8 billion, mainly in the sectors of mining (36.4 % of total capital) and agro-forestry-fisheries.

Laos was the largest recipient of Vietnam’s overseas investment, making up 23.7 % of the total capital, followed by Cambodia (13.1 %) and Russia (nearly 13 %).

By L.B