In the first 8 months of 2024, investment by Vietnamese enterprises in the Netherlands accounted for more than 37% of total capital.

In the first eight months of 2024, 25 countries and territories received investment from Vietnamese businesses.

A view of the Kaleum coal mine of the Phonesack Joint Venture in Xekong province, Laos. (Source: Quang Tri Provincial Electronic Information Portal)

Outbound investment is slowing down, but that's only a matter of time. The reason is that in recent years, due to the general difficulties of the global economy , as well as that of Vietnam, outbound investment by Vietnamese businesses has tended to decrease.

According to data released by the General Statistics Office, in the first eight months of 2024, Vietnam's total outbound investment, including newly granted and adjusted capital, reached US$147.3 million, a decrease of 64.6% compared to the same period last year.

Of these, 75 projects received new investment certificates and 17 projects had their capital adjusted by the Vietnamese side.

In terms of investment sectors, Vietnam invested abroad in 14 industries. Of these, mining reached $58.6 million, accounting for 39.8% of total investment; and manufacturing reached $29.1 million, accounting for 19.7%.

Third is wholesale and retail trade, repair of automobiles, motorcycles and other motor vehicles, reaching $24.7 million, accounting for 16.8%. Professional, scientific and technological activities reached $20 million, accounting for 13.6%.

Other services reached $10 million, accounting for 6.8%. Electricity, gas, hot water, and air conditioning production and distribution reached nearly $8 million, accounting for 5.4% of investment capital.

In terms of investment territories, in the first eight months of 2024, 25 countries and territories received investment from Vietnam. A positive point is that recently, in addition to traditional investment markets, some Vietnamese businesses have invested in the US, the Netherlands, Europe, and other markets.

Accordingly, the Netherlands led with $54.6 million, accounting for 37.1% of the total investment; Laos had $37.8 million, accounting for 25.7% of the investment.

The United Kingdom invested $19.8 million, accounting for 13.4% of the total investment; the United States invested $18.6 million, accounting for 12.7%; Cambodia invested $16.6 million, accounting for 11.3%; and New Zealand invested $5.9 million, accounting for 4% of the total investment.

The Foreign Investment Agency stated that leading Vietnamese investors, including Vingroup, TH, FPT, Vinamilk, etc., will continue to expand their investment activities abroad.

Recently, TH Group commenced construction on a dairy farming and milk processing project with a total investment of VND 5,200 billion in the Far East region (Russia), further realizing its plan to invest USD 2.7 billion in this vast market.

To expand its market, FPT has recently been continuously carrying out mergers and acquisitions (M&A). In March 2024, FPT acquired 100% of the capital of Next Advanced Communications NAC Co., Ltd. (NAC), a Japanese information technology services company; at the same time, it opened new branches in overseas markets.

Sharing the difficulties faced by some Vietnamese investment projects in Southern Laos, on September 7-8, Minister of Planning and Investment Nguyen Chi Dung, Chairman of the Vietnam-Laos Cooperation Committee, and his delegation visited the Kaleum coal mine of the Phonesack Joint Venture and the planned site for the Kaleum Thermal Power Plant of the Vietnam Oil and Gas Power Corporation in Xekong province, via the La Lay border gate (Quang Tri province). The two projects are located approximately 120 km from the Vietnamese border.

These are projects that are expected to involve Vietnamese businesses. The Minister and the delegation listened to representatives from the businesses present their projects and discuss some obstacles and difficulties.

Minister Nguyen Chi Dung stated that the Ministry, together with other ministries, sectors, and relevant agencies of Vietnam, will create the best conditions and resolve difficulties for businesses to implement the projects. The Minister also requested the Lao side to provide support and resolve difficulties for the projects…

As of August 2024, Vietnam had 1,757 active overseas investment projects with a total Vietnamese investment capital of nearly US$22.26 billion. Vietnamese overseas investment was most concentrated in the mining sector (31.6%); and agriculture, forestry, and fisheries (15.5%). The countries receiving the most Vietnamese investment were Laos (24.7%) and Cambodia (13.2%).

Source: https://baoquocte.vn/8-thang-dau-nam-2024-dau-tu-cua-doanh-nghiep-viet-nam-vao-ha-lan-chiem-hon-37-tong-von-286368.html