Vietnamplus

Vietnamese enterprises have invested over 347.3 million USD in 80 new projects in the first nine months of 2022, rising 2.31-fold year on year, according to the Ministry of Planning and Investment.

Vietnamese enterprises have invested over 347.3 million USD in 80 new projects in the first nine months of 2022, rising 2.31-fold year on year, according to the Ministry of Planning and Investment (MPI).

Vietnamese investment overseas reached 572.3 million USD in the first nine months of 2021, up 32.4 percent over the same period last year, according to the Ministry of Planning and Investment.

Vietnamese firms have been increasing their overseas investments in recent years in an effort to expand their global reach.

A seminar on the risks and challenges in law abidance for Vietnam’s overseas investments was held in Hanoi on January 10.

Vietnam registered to invest 303.5 million USD abroad in the first 11 months of this year, plus 55 million USD worth of additional capital for existing overseas projects.

Military-run telecom group Viettel has recorded a pre-tax profit of 1 trillion VND (41.2 million USD) from its overseas investments in the first half of 2017, a 156 percent year-on-year increase.

As of August 15,2016, 1,125 Vietnamese project were granted licenses to invest abroad with a total registered capital of 20.38 billion USD, according to the Foreign Investment Agency.

Viettel Group’s total overseas investment increased by 9 percent to nearly 1.5 billion USD in 2015, an expansion rate four times the average of the global industry.

Many Vietnamese businesses have recently had considerable success in investing in foreign countries after years of attempts.