Vietnam’s outbound investment increased 32,4% year-on-year

17:14 28/09/2021

PSNews - Vietnamese investment overseas reached 572.3 million USD in the first nine months of 2021, up 32.4 percent over the same period last year, according to the Ministry of Planning and Investment.

Vietnam’s outbound investment increased 32,4% year-on-year -0
Photo for illustration. 

Vietnamese investment overseas reached 572.3 million USD in the first nine months of 2021, up 32.4 percent over the same period last year, according to the Ministry of Planning and Investment.

Of the figure, over 150.1 million USD, equivalent to 55.9 percent of the total, was poured into 41 new projects and over 422.1 million USD was added to 15 existing projects, nearly 2.6 times higher than the same period last year.

The sharp increase in adjusted investment was attributed to 300 million USD that Vingroup added to its project in the United States, 76 million USD of the Indochina Rubber Investment and Development Co. Ltd project in Cambodia and 32 million USD for a project of Vinfast in Germany.

Vietnamese investors have invested in 13 industries, including science and technology; wholesale and retail; agriculture, forestry, fisheries and support services.

The US was the top destination for Vietnamese capital in the period with 302.8 million USD, holding a lion’s share of 52.9 percent. Cambodia came second with 89.4 million USD, followed by Laos, Canada with 47.8 million USD and nearly 32.1 million USD, respectively.

As of September 20, Vietnam had 1,429 valid overseas investment projects with a total capital of over 21.8 billion USD.

By L.B