Outward Investment Touches US$395 Million

11:26:42 AM | 12/5/2023

Viet Nam’s outbound investment rose by 16.7 percent year-on-year to US$395 million over the past 11 months of the year, according to the Ministry of Planning and Investment (MPI).

The above figure includes US$257.3 million poured in 117 newly-licensed projects, down 35 percent in value against the same period last year. The rest was added to 24 existing projects, up 1.8 times in value.

Wholesale and retail, and repair of cars, motorbikes, and other motorized vehicles topped investment list, with US$153.6 million. 

Information and communication came second with US$120.4 million, followed by production and distribution of electricity, gas, hot water, steam and air conditioning with US$84.4 million.

The minstry said Vietnamese foreign investors invested in 26 countries and territories in the first 11 months of the year.

Canada was the top investment destination, attracting US$150.3 million, followed by Singapore (US$122.5 million) and Laos (US$115.8 million).

Meanwhile, Viet Nam lured nearly US$29 billion in foreign direct investment (FDI) in 11 months, an increase of 14.8 percent against the same period last year.

Source: VGP