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Vietnam invests over 450 million USD overseas in 10 months

Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.
Vietnam invests over 450 million USD overseas in 10 months ảnh 1Vietnam invests over 450 million USD overseas in 10 months. (Photo: VNA)

Hanoi (VNA) – Vietnam’s outboundinvestment, including both newly-registered and adjusted capital, exceeded 450million USD in the first 10 months of this year, equivalent to nearly 70% ofthe figure recorded in the same period last year.

According to the Ministry of Planning and Investment, there were 90 new projects valued at over 390.1 million USD, a 1.8-fold riseyear-on-year, with the most notable invested by VinES Energy Solutions JointStock Company in the US, Canada, France, Germany and the Netherlands, eachworth more than 34.68 million USD.

Meanwhile, 19 projects registered to increase theirinvestment capital by over 61.9 million USD, equivalent to 14.5% of theamount in the corresponding time last year.

Vietnamese investors poured capital into 14 sectors,mainly processing and manufacturing with 224 million USD; real estate, 42.8million USD; and mining, wholesale and retail.

Among the 25 countries and territories whereVietnamese investors are operating, Singapore took the lead with 20 projectsand combined capital of nearly 75.3 million USD. It was followed by Laos, theUS, Germany and the Netherlands.

As of October 20, Vietnam counted 1,594 overseasvalid projects worth over 21.68 billion USD, mainly specialising in mining(32.1%) and agro-forestry-fishery (15.9%).

Laos, Cambodia and Venezuela received the mostVietnamese investment capital, the ministry said.

The ministry also said foreign capital inflows fellwhereas disbursed capital rose in the first 10 months of 2022.

The totalnewly-registered capital, adjusted capital, and capital contribution and sharepurchase stood at 22.46 billion USD in the January-October period, down5.4% year-on-year.

Specifically, 1,570 projects were granted investmentregistration certificates during the period, with total registered capital of9.93 billion USD, down 23.7% from last year. 

One bright spot was disbursed capital, which topped17.45 billion USD in the first ten months of the year, 15.2% higher than thesame period last year. It was expected to hit 22 billion USD by theyear-end.

 Adjustedcapital, as a single item itself, reached over 8.74 billion USD, up 23.3%year-on-year. Roughly 880 projects registered for capital adjustment during theten-month period.

There were 2,997 capital contributions and sharepurchases by late October, equivalent to 3.97 billion USD. The figurewas 4.5% higher than that in 2021./.

VNA
#outbound investment #Ministry of Planning and Investment #VinES Energy Solutions Joint Stock Company #Vietnamese investors #Vietnam #VietnamPlus #Vietnam news
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