Vietnam invested 17 new projects abroad in 2 months

In the first two months of 2024, Vietnamese investors invested in 17 new projects abroad and did not adjust investment capital for existing projects.

According to the Investment Department Foreign investment, Ministry of Planning and Investment , in the first 2 months of 2024, Vietnamese investors invested in 17 new projects abroad and did not adjust investment capital for existing projects. Vietnam's total investment capital abroad reached more than 25 million USD, equal to 21.7% compared to the same period last year.

Vietnamese investors have invested abroad in eight sectors; of which, investment capital is most concentrated in the wholesale and retail sectors, accounting for 39.4% of capital; real estate business activities account for 21.5% of capital; and construction accounts for 20% of capital.

In the past 2 months, 11 countries and territories have received investment from Vietnam. The countries attracting the most investment from Vietnam are: the US, accounting for 26.6% of total investment capital; New Zealand, accounting for 23.5%; Germany, accounting for 21.5%; followed by Laos, China, etc.

As of February 20, 2024, Vietnam had 1,716 valid overseas investment projects with a total investment capital of nearly 22.12 billion USD. Vietnam's overseas investment is mostly concentrated in the mining industry, accounting for 31.5%; agriculture, forestry, and fisheries, accounting for 15.5%. The countries attracting the most investment from Vietnam are Laos, accounting for 24.8%; Cambodia, accounting for 13.2%; Venezuela, accounting for 8.3%, etc.

For Laos, Vietnam-Laos investment cooperation has been developing continuously. Laos is one of the countries and territories where Vietnam invests abroad. Accordingly, a number of investment projects of Vietnamese enterprises in Laos are effective, continuing to increase investment capital for expansion in 2024.

Currently, many projects have been operating stably and effectively, contributing to socio -economic development, paying the budget, implementing social security work; at the same time, creating jobs, training and improving the skills and qualifications of workers, improving infrastructure in some localities... which have been recognized and highly appreciated by the Lao Government.

On the contrary, in the first two months of the year, the total newly registered, adjusted, and contributed capital to buy shares and purchase capital contributions by foreign investors reached more than 4.29 billion USD, an increase of 38.6% over the same period in 2023.

Foreign direct investment (FDI) implemented in Vietnam in the first two months is estimated at about 2.8 billion USD, up 9.8% over the same period in 2023. Commenting on the ability to attract FDI in 2024, experts generally believe that Vietnam continues to be an attractive destination for international investors.

(VTV.vn)

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