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Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
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<p style="text-align:justify">Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.</p> <table> <tbody> <tr> <td style="text-align:justify"><img alt="Vietnamese carmaker Vinfast's headquarters in the US." src="https://image-en.nhandan.vn/w800/Uploaded/2023/kdrejwqxj/2023_10_02/vinfast-hq-exterior-6876.jpg" /></td> </tr> <tr> <td style="text-align:center">Vietnamese carmaker Vinfast's headquarters in the US.</td> </tr> </tbody> </table> <p style="text-align:justify">Of the amount, over 244.8 million USD was registered for 84 new projects, equivalent to 70.5% of the value posted in the same period last year, while more than 171.96 million USD was added to 18 existing ones, surging 3.38-fold.</p> <p style="text-align:justify">Vietnamese investors poured money into 14 sectors abroad during the nine months. The wholesale and retail sector topped the list with nearly 150.64 million USD, accounting for 36.1% of the total, channelled into 26 new projects and six existing ones.</p> <p style="text-align:justify">The information and communications sector ranked second with over 114.35 million USD, or 27.4%. It was followed by electricity production and distribution, agro-forestry-fisheries, and processing - manufacturing, statistics show.</p> <p style="text-align:justify">Among the 24 countries and territories recording Vietnamese investments during the period, Canada took the lead with over 150.2 million USD (36%) poured into one new project and one existing project there, followed by Singapore, Laos, and Cuba.</p> <p style="text-align:justify">As of September 20, Vietnam had 1,667 valid overseas investment projects with combined capital of nearly 22.1 billion USD. They include 141 projects worth almost 11.67 billion USD of State-invested enterprises, making up 52.8%.</p> <p style="text-align:justify">The investments concentrated on mining (31.5%) and agro-forestry-fisheries (15.5%). Meanwhile, the biggest destinations of Vietnamese investments were Laos (24.7%), Cambodia (13.3%), and Venezuela (8.3%), according to the FIA.</p>
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