Vietnam invests in 151 overseas projects in 11 months

Thursday, 12/12/2024 11:23
The country invested in 151 overseas projects from January through November 2024, with a total registered capital of 598.69 million USD, a year-on-year rise of 51.6%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Vietnam mainly invested in foreign markets such as Indonesia, Laos, India, the United States and the Netherlands.

Specifically, Vietnamese investors poured capital into 16 sectors abroad, with science and technology taking the lead, with the figure standing at 200.5 million USD, accounting for 33.4% of total investment capital.

It was followed by the manufacturing and processing industry with 108.76 million USD, or 18.1%, and the production and distribution of electricity, gas, steam and air conditioning with 94.57 million USD (15.7%).

Other notable sectors included mining, which garnered 60.67 million USD (10.13%), transportation and warehousing with 38.62 million USD (6.4%), and wholesale, retail and automotive repair services.

Over the past eleven months, Vietnam has invested in 31 countries and territories. Major markets receiving substantial Vietnamese investment include Laos, Indonesia, India, the US and the Netherlands.

Laos topped the list with 160.68 million USD, representing 26.83% of Vietnam's total overseas investment. It was followed by Indonesia with 137.7 million USD (22.9%), India with 90.05 million USD (15.04%), the US with 71.35 million USD (11.9%) and the Netherlands with 54.6 million USD (9.1%).

As of the end of November 2024, Vietnam had 1,813 overseas investment projects with total capital exceeding 22.52 billion USD. Key sectors include mining (7.03 billion USD, representing 31.32%), agriculture, forestry and fisheries (3.39 billion USD, representing 15%), and information and communications (2.84 billion USD, representing 12.6%)./.

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