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Vietnam’s outbound investment in the first quarter of the year reached nearly US$119.5 million, equivalent to 56.5% compared to the same period last year, according to the Foreign Investment Agency.
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<h4 style="text-align:justify">Vietnam’s outbound investment in the first quarter of the year reached nearly US$119.5 million, equivalent to 56.5% compared to the same period last year, according to the Foreign Investment Agency.</h4> <p style="text-align:justify"><img alt="vietnamese investment overseas hits nearly us 120 million in q1 picture 1" src="https://media.vov.vn/sites/default/files/styles/large/public/2023-03/dau_tu.jpg" title="vietnamese investment overseas hits nearly us 120 million in q1 picture 1" /></p> <p style="text-align:justify">Of the sum, approximately US$113.3 million was poured into 21 new projects, while seven other projects registered to increase their capital by more than US$6.2 million.</p> <p style="text-align:justify">Most notably, both newly-registered and adjusted capital decreased sharply as Vietnamese enterprises chose not to invest significantly abroad in March. Statistics show they invested more than US$115 million abroad during the two-month period.</p> <p style="text-align:justify">The majority of outbound investment capital went to the Masan Group’s project to purchase shares of Trust IQ Pte.Ltd Company in Singapore. The US$105 million project aims to develop artificial intelligence that can be used in the retail and consumption sectors.</p> <p style="text-align:justify">Vietnamese firms poured capital into 11 industries, of which information and communication took the lead with three new projects and one capital adjustment project with a total registered investment capital of more than US$105.4 million, or 88.2% of the total outbound investment.</p> <p style="text-align:justify">The services industry ranked second, with one project increasing its capital by US$5 million, followed by wholesale and retail, healthcare, and manufacturing industries.</p> <p style="text-align:justify">Among the 15 countries and territories receiving Vietnamese investment in the reviewed period, Singapore was the largest recipient, followed by Israel, Cambodia, Australia, Thailand, and Laos.</p> <p style="text-align:justify">Until March 20, Vietnam has had 1,625 valid overseas investment projects capitalised at nearly US$21.9 billion.</p> <p style="text-align:justify">https://english.vov.vn/</p>
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