Information and Communications Enterprises Invest Over 114 Million USD Abroad in 8 Months

According to the Foreign Investment Agency ( Ministry of Planning and Investment ), in the first 8 months of 2023, Vietnam's total newly granted and adjusted foreign investment capital reached nearly 416.34 million USD, an increase of 5.2% over the same period.

Of these, 79 projects were granted new investment registration certificates, with a total registered capital of nearly 244.37 million USD (equal to 70.8% compared to the same period). There were 18 projects adjusted with a total investment capital increase of more than 171.96 million USD (3.38 times higher than the same period).

In terms of foreign investment, the information and communications industry ranked second with more than 114.32 million USD. (Illustration photo)

Vietnamese investors have invested abroad in 14 industries and fields.

Of which, wholesale and retail led with 23 new investment projects and 6 capital adjustments, with a total registered investment capital of nearly 150.28 million USD, accounting for 36.1% of total registered investment capital abroad.

The Information and Communications industry ranked second with more than 114.32 million USD, accounting for 27.5%.

Next are the industries of electricity production and distribution, agriculture , forestry, fisheries; finance and banking...

Also according to data from the Ministry of Planning and Investment, in the past 8 months, Vietnam's footprint has been present in 23 countries and territories.

Leading the way is Canada with 1 new investment project and 1 capital adjustment project, total registered investment capital reaching over 150.2 million USD, accounting for 36.1% of total investment capital. Followed by Singapore, Laos, Cuba, etc.

As of August 20, Vietnam had 1,665 valid foreign investment projects with a total Vietnamese investment capital of nearly 22.1 billion USD.

Of these, there are 141 projects of state-owned enterprises, with total overseas investment capital of nearly 11.67 billion USD, accounting for 52.8% of the total investment capital of the country.

Vietnam's investment abroad is mostly concentrated in the mining industry, accounting for 31.5%; agriculture, forestry and fishery, accounting for 15.5%.

The localities receiving the most investment from Vietnam are Laos (24.7%); Cambodia (13.3%); Venezuela (8.3%)...

Proposal to pilot investment support in the high-tech sector The Ministry of Planning and Investment proposes to pilot the investment support policy in the high-tech sector when applying the global minimum tax as a deduction from the tax obligations of enterprises, or paid directly with money from the state budget.

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