Vietnam pours capital into 17 new investment projects overseas in Jan-Feb

Vietnamese enterprises invested over 25 million USD in 17 new projects aboard in the first two months of 2024, equal to 21.7% of the capital registered in the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Vietnamese company introducing products at a trade event (Photo: VNA)
Vietnamese company introducing products at a trade event (Photo: VNA)

There were 11 nations and territories receiving Vietnamese investments, with the US ranking first (26.6%), followed by New Zealand (23.5%), and Germany (21.5%).

The capital focuses on eight industries, mainly wholesale and retail (39.4%), real estate business (21.5%), and construction (20%).

In the period, Vietnamese investors did not make adjustments for their existing projects.

As of February 20, Vietnam had had 1,716 valid investment projects abroad, with a combined capital of over 22.1 billion USD, mainly in mining, agriculture, forestry and fisheries. Laos ranks first among the countries and territories receiving Vietnamese investments, accounting for 24.8% of the total, followed by Cambodia (13.2%), and Venezuela (8.3%).

VNA
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