US remains top destination for Vietnamese investment
Local businesses poured a combined total of US$575 million into newly-licensed and capital-added projects during the past eight months, representing an annual increase of approximately 74.1%, according to data given by the Foreign Investment Agency (FIA).
In relation to the figure, a total of 40 new projects received investment licenses with registered capital worth US$150.1 million, equivalent to 68.7% from the same period last year.
An additional US$424.9 million was also poured into 13 capital adjusted and added projects, marking a 3.8–fold increase from the previous year.
Most notably, Vietnamese conglomerate Vingroup registered to invest in new projects in the US with adjusted capital reaching US$300 million, while its subsidiary automaker VinFast moved to expand investment in its Germany-based project by US$32 million.
Throughout the reviewed period local investors have injected money into 20 countries and territories globally, with the US representing the top destination for Vietnamese investment with US$302.8 million, thereby accounting for 52.7% of total investment capital.
Following the US, Cambodia ranked second with the nation's investment capital of US$89.4 million, thereby accounting for 15.3% of total investment capital, followed by Laos and Canada, with capital reaching US$47.8 million and US$32.1 million, respectively.
Capital outflow was mainly poured into 13 fields, with the science and technology sector taking the lead with US$270.8 million, followed by the wholesale and retail sector with a total investment of US$150.9 million, in addition to other fields such as agro-forestry-fisheries, administrative activities, and support services.
As of August 20, the nation had recorded 1,428 valid overseas investment projects with investment capital totaling US$21.8 billion.
