Business

Overseas investment soars by 51.6% in 11 months

Vietnam invested in 151 overseas projects in the first 11 months of 2024, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

A modern car production line at a VinFast factory (Photo: VNA)
A modern car production line at a VinFast factory (Photo: VNA)

Hanoi (VNS/VNA) - Vietnam invested in 151 overseas projects in the first 11 months of 2024, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The total registered capital reached 598.69 million USD, marking a 51.6% increase year-on-year.

Vietnamese investors channelled 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.

The manufacturing and processing industry ranked second with 108.76 million USD, equivalent to 18.1%; followed by the production and distribution of electricity, gas, steam and air conditioning at 94.57 million USD, equivalent to 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 11 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%).

Some standout overseas projects by Vietnamese businesses in 2024 include the breaking ground on VinFast’s first integrated electric vehicle manufacturing plant in Tamil Nadu, India, covering 160 hectares with an initial investment of 500 million USD over five years.

TH Group has also launched a dairy farming and processing project in Russia with a total investment of 19 billion RUB (about 190.93 million USD).

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%).

The robust growth in Vietnam's overseas investment activities reflects a clear trend of diversification and aggressive international expansion by Vietnamese enterprises./.

VNA
#FDI #overseas projects #Vietnam's overseas investment #Foreign Investment Agency #VinFast #TH Group
Follow VietnamPlus

Post-pandemic recovery

Related News

Vietnam evolving to manufacturing, R&D hub with new FDI

Vietnam evolving to manufacturing, R&D hub with new FDI

Vietnam is witnessing a significant shift in the quality of foreign direct investment (FDI) projects pour into the country as an increasing number of high-tech and pioneering industrial companies move into the country to expand operations.

Tunnel boring process for the Nhon-Hanoi urban metro line (Photo: VNA)

Hanoi lures 1.8 billion USD of FDI in 11 months

Hanoi attracted 1.8 billion USD in foreign direct investment (FDI) in the first 11 months of 2024, with significant growth in capital poured to both new and underway projects, according to the municipal People’s Committee.

See more

At a supermarket in Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City to pilot pork trading on Mercantile Exchange of Vietnam

Nguyen Nguyen Phuong, Deputy Director of the municipal Department of Industry and Trade, said listing pork on the MXV will finally give consumers and firms more stable prices, while slapping on stricter food safety rules and making it easier to track where the meat actually comes from. Farmers, meanwhile, stand to gain from more predictable margins and dodge fewer of the supply-demand imbalances that routinely distort prices.

Processing octopus for export to the Japanese market at Huy Nam Company in An Giang (Photo: VNA)

Squid, octopus exports pick up early in 2026

In terms of product structure, squid has emerged as the main growth driver. Export turnover of squid exceeded 64 million USD, rising nearly 30%, while octopus exports brought in more than 47 million USD, up over 16%. The development indicates that demand for squid products is recovering faster in the short term.

The world’s longest over-sea cable car to Hon Thom Island in the Phu Quoc special zone, An Giang province. (Photo: VNA)

An Giang steps up tourism development ahead of APEC 2027

Tourism in the province has recorded strong growth, affirming its position as one of the region’s leading destinations. Phu Quoc Island continues to attract the majority of international travellers, receiving more than 817,660 visitors, accounting for over 98.5% of total foreign arrivals to the province.

Import-export activities at Lach Huyen international port in Hai Phong (Photo: VNA)

Reducing risks, removing logistics bottlenecks amid Middle East volatility

According to Truong Xuan Trung, Trade Counsellor of Vietnam in the UAE, the Middle East serves not only as a consumption market but also as a key global transhipment hub, meaning instability in the region creates ripple effects across intercontinental transport networks. Shipping route adjustments and airspace restrictions have lengthened transit times, increased costs and disrupted delivery schedules, with some Vietnamese shipments forced to reroute or seek alternative markets.

Cargo is handled at container terminals No. 3 and No. 4 of Hai Phong International Gateway Port. (Photo: VNA)

Businesses seek “survival momentum” amid global geopolitical turbulence

This is an urgent move as the challenges of 2026 differ markedly from previous ones, shaped by overlapping external shocks ranging from geopolitical tensions disrupting supply chains to surging logistics and raw material costs, exchange-rate pressures, and increasingly complex tariff barriers in global markets.

At the 2025 trade connectivity week for mechanical, electrical and digital industries. (Photo: VNA)

Ho Chi Minh City gives boost to supporting industry firms

Supporting industry firms in Ho Chi Minh City are scrambling to embed themselves more deeply into both global and domestic supply chains, backed by a suite of local incentives that are speeding up their tech upgrades and market access.

Italy's national pavilion at the ongoing Food & Hospitality Vietnam 2026 exhibition at Ho Chi Minh City's Saigon Exhibition and Convention Centre (SECC) draws visitors for hands-on experiences. (Photo: IVNA)

Italian food firms eye opportunities in Vietnam

Italy’s exports of food and beverages to Vietnam reached 105.1 million EUR in 2025, up 4% year-on-year, positioning the country among the leading EU suppliers to the Vietnamese market.

An overview of the working session (Photo: baoquangninh.vn)

Quang Ninh promotes all-round cooperation with Guangxi Zhuang Autonomous Region

Quang Ninh encourages Guangxi enterprises to invest in high-tech marine aquaculture and expand aquatic product exports in China. At the same time, the province aims to develop livestock farming in line with international standards and attract investment in deep-processing plants for agricultural products such as cinnamon, star anise and tea, linked with traceability systems at border gates.

Illustrative image (Source: VNA)

Vietnam becomes fastest growing market for Norwegian salmon in Southeast Asia

The Norwegian Seafood Council (NSC) reported at the “Norwegian seafood industry in Vietnam market 2026” event held in Ho Chi Minh City on March 25 that fresh Norwegian salmon exports to Vietnam jumped 16% in volume in the first two months of 2026 compared with a year earlier, while frozen salmon shipments surged about 37%.

At a petrol station (Photo: VNA)

Energy giants work hard to roll out E10 RON95 sale ahead of schedule

Petrolimex and PVOIL, are in a strong position to accelerate the transition toward cleaner fuels. These companies have been actively preparing infrastructure, upgrading blending systems, and coordinating supply chains to ensure the availability of E10 RON95 across their nationwide retail systems.

Deputy Prime Minister Nguyen Chi Dung visits Bosch Industrial in Stuttgart, Germany. (Photo: VNA)

Vietnam, Germany boost innovation, startup ecosystem connectivity

Deputy PM Nguyen Chi Dung highly valued CfE’s reputation and pioneering role in building Germany’s innovation-driven startup ecosystem, and called for stronger cooperation with NIC to support Vietnamese universities, research institutes and organisations in training and scientific research.