The sharp increase was largely attributed to extra investment from Vietnam injected into overseas projects, the GSO explained. For example, the Indochina Rubber Investment and Development Co., Ltd. added US$76 million worth of investment to its project in Cambodia; and automaker Vinfast expanded investment in its Germany-based project by US$32 million.
A total of US$424.8 million was pumped into 11 existing projects, surging 9.1-fold year on year.
In addition, there were 28 projects receiving licences overseas with total registered capital of US$145.3 million, plunging 29.6% from the same period last year.
The US was the top destination for Vietnamese capital in the period with US$302.8 million, holding a lion’s share of 53.1%.
Cambodia came second with US$89.2 million, followed by Laos, Canada, France, Germany and the Netherlands.
As of July 20, FDI flows into Vietnam fell by 11.1% year on year to US$16.72 billion, according to the GSO. Some US$10.5 billion worth of FDI has been disbursed during the period, up 3.8% year on year.
