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

VietNamNetVietNamNet31/08/2023


According to the Foreign Investment Agency ( Ministry of Planning and Investment ), in the first eight months of 2023, the total newly registered and adjusted outbound investment capital of Vietnam reached nearly US$416.34 million, an increase of 5.2% compared to the same period last year.

Of these, 79 projects were granted new investment registration certificates, with a total registered capital of nearly US$244.37 million (70.8% compared to the same period last year). There were 18 projects that adjusted their investment capital, with a total increase of over US$171.96 million (3.38 times higher than the same period last year).

In terms of overseas investment, the information and communication technology sector ranked second with over $114.32 million. (Illustrative image)

Vietnamese investors have invested abroad in 14 sectors and fields.

Of these, wholesale and retail trade led with 23 new investment projects and 6 capital adjustments, with a total registered investment capital of nearly US$150.28 million, accounting for 36.1% of the total registered overseas investment capital.

The Information and Communications sector ranked second with over $114.32 million, accounting for 27.5%.

Next are the sectors of electricity production and distribution, agriculture , forestry, and fisheries; finance and banking…

According to data from the Ministry of Planning and Investment, in the past eight months, Vietnam's presence has been felt in 23 countries and territories.

Canada leads with 1 new investment project and 1 capital adjustment project, bringing the total registered investment capital to over US$150.2 million, accounting for 36.1% of the total investment. This is followed by Singapore, Laos, Cuba, and so on.

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

Of these, 141 projects are from state-owned enterprises, with a total overseas investment of nearly $11.67 billion, accounting for 52.8% of the total national investment.

Vietnam's overseas investment is most concentrated in the mining sector, accounting for 31.5%; followed by agriculture, forestry, and fisheries, accounting for 15.5%.

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

Proposal for a pilot program to support investment in high-tech sectors : The Ministry of Planning and Investment proposes a pilot program to support investment in high-tech sectors by applying the global minimum tax rate as a deduction from the tax obligations of businesses, or by direct payment from the state budget.


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