Vietnam’s overseas investment soars 74 percent in eight months

Vietnamese investment capital was channeled into 20 countries and territories during the eight months

Vietnam’s overseas investment soars 74 percent in eight months
Engineers work at a factory of Vingroup’s subsidiary automaker VinFast in this supplied photo.

Vietnamese enterprises invested US$575 million abroad in the January-August period, up 74.1 percent over the same period last year, according to the General Statistics Office’s data.

The amount included $150.1 million poured into 40 new projects, equivalent to 68.7 percent of the figure in the same period last year, and $424.9 million added to 13 existing ones, rising 3.8-fold.

Most notably, Vietnamese conglomerate Vingroup invested in new projects in the U.S. with adjusted capital reaching $300 million, while its automaker VinFast expanded investment in a Germany-based project by $32 million.

Vietnamese investment capital was channeled into 20 countries and territories during the eight months. 

The U.S. was the top destination of Vietnamese investors with $302.8 million, making up 52.7 percent of the total. 

Cambodia, Laos, and Canada followed, attracting $89.4 million, $47.8 million and $32.1 million, respectively.

As of August 20, Vietnamese investors had registered a total capital of $21.8 billion in 1,428 ongoing projects, 36.3 percent of which operated in the mining industry and 15.3 percent in the agro-forestry-fishery sector, according to the Ministry of Planning and Investment.

tuoitrenews.vn

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