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Vietnam’s new overseas investments surge 2.31-fold in nine months

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).
Vietnam’s new overseas investments surge 2.31-fold in nine months ảnh 1Illustrative image (Photo: VNA)

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

Meanwhile, 50.9 million USD hasbeen poured into 15 existing ones, equivalent to 12% of that in the same periodlast year.

The total investment, nearly398.3 million USD, is equivalent to 69.6% of the nine-month figure in 2021.

The surge in new overseasinvestments is partly attributable to five major projects worth over 34.68million USD each by the Vines Energy Solutions JSC in the US, Canada, France,Germany, and the Netherlands.

Projects receivingadditional capital include the one by Vingroup in the US (up 300 million USD),that of the Indochina Rubber Investment and Development Co. Ltd in Cambodia (up76 million USD), and another by Vinfast in Germany (up 32 million USD).

The MPI said Vietnamese firmshave invested in 13 sectors abroad in the nine months. The processing -manufacturing industry took the lead with over 291.6 million USD, equivalent to55.2% of the total. It was followed by finance - banking - insurance (35.3million USD, equivalent to 8.9%), wholesale and retail, mining, and agriculture- forestry - fisheries.

Among the 24 countries andterritories recording Vietnamese investment, Laos is the biggest with66.42 million USD in capital, and Singapore ranks second with nearly 41.5million USD, respectively accounting for 16.7% and 10.4% of the total. They arefollowed by the US, Germany, and the Netherlands.

As of September 20, Vietnam had invested over 21.6 billion USD in 1,584 overseas projects. The capitalconcentrated in mining (32.2%) and agriculture - forestry - fisheries (15.9%). Laos,Cambodia, and Venezuela received the most investment when respectively makingup 24.7%, 13.6%, and 8.4% of Vietnam’s overseas investment, statistics show./.

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