Vietnamese investment overseas takes 54.5% nosedive over nine months

Society – Economy - Ngày đăng : 11:12, 07/10/2024

Vietnam’s overseas investment reached more than US$189.6 million during the past nine months of the year, down 54.5% compared to the same period last year, according to the General Statistics Office (GSO).

vietnamese investment overseas takes 54.5 nosedive over nine months picture 1 — Viettel is one of largest Vietnamese overseas investors. (Photo courtesy of Viettel)

A total of 105 new Vietnamese projects were granted investment certificates, totaling US$177.5 million, or a reduction of 27.5% year on year.

Elsewhere, US$12 million was added to 20 existing projects, down 93% from the same period in 2023.

Vietnamese investors poured money into 15 sectors abroad during the reviewed period.

Mining topped the list with an investment capital of US$58.6 million, followed by processing-manufacturing with US$34.7 million, and wholesale and retail with US$30.9 million.

Among the 27 countries and territories receiving Vietnamese investment during the January to September period, the Netherlands took the lead with US$54.6 million, accounting for 28.8%.

Other leading recipients were Laos (US$43.5 million); the United States (US$41.8 million); Cambodia (US$21.8 million); and the UK (US$20.4 million).

As of September, Vietnam had 1,772 active overseas investment projects with combined capital of nearly US$22.11 billion, with 31.8% operating in the mining industry and 15.3% in the agro-forestry-fishery sector.

Laos was the largest recipient of Vietnamese investment at 24.9%, whilst Cambodia ranked second with 13.3%, the GSO reported.

VOV