Vietnam invests the most in the USA in first months of 2024

Saturday, 30/03/2024 02:06
The US market attracts 23% of Vietnam’s total foreign investment capital in the first 3 months of 2024.
Mytel, one of the successful projects of Vietnamese enterprises abroad.

According to the Foreign Investment Department under the Ministry of Planning and Investment, in the first 3 months of 2024, Vietnamese investors poured capital in 22 new investment projects abroad and increased capital in 2 ongoing projects. The country’s total investment capital abroad reached 28.94 million USD, equal to 24.2% of the same period last year.

Vietnamese investors have invested abroad in 9 industries. Of which, investment capital is mainly poured in wholesale and retail (accounting for 39.8%), real estate business activities (18.6%) and construction (17.3%).

As many as 13 countries and territories received investment from Vietnam in the first 3 months. The countries attracting the most investment from Vietnam are the USA (23%), New Zealand (20.3%) and Germany (18.6%).

As of February 20, 2024, Vietnam had 1,720 valid overseas investment projects with a total capital of more than 22.12 billion USD.

Vietnam’s investment abroad mainly focuses on mining industries (31.5%) and agriculture, forestry and fisheries (15.5%).

Countries receiving the most investment from Vietnam are Laos (24.7%), Cambodia (13.2%) and Venezuela (8.3%)./.