MOIT VIETNAM | In the first two months of 2024, Vietnam Invests in 17 New Overseas Projects
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In the first two months of 2024, Vietnam Invests in 17 New Overseas Projects
According to the Foreign Investment Agency under the Ministry of Planning and Investment, in the first two months of 2024, Vietnamese investors initiated 17 new overseas projects and made no capital adjustments to existing projects. The total investment capital of Vietnam abroad reached over USD 25 million, equivalent to 21.7% compared to the same period last year. Vietnamese investors have ventured into eight sectors overseas, with the majority of capital concentrated in wholesale and retail, accounting for 39.4% of the total investment. Real estate activities constituted 21.5% of the investment, while the construction sector accounted for 20%.
In the first two months, 11 countries and territories received investments from Vietnam. The countries attracting the most Vietnamese investment were the United States, accounting for 26.6% of total investment, New Zealand with 23.5%, and Germany with 21.5%, followed by Laos, China, and others.
As of February 20, 2024, Vietnam had 1,716 active overseas investment projects with a total investment of nearly USD 22.12 billion. Vietnamese overseas investments were primarily focused on the mining sector, which accounted for 31.5%, and the agriculture, forestry, and fisheries sectors, which accounted for 15.5%. The countries attracting the most Vietnamese investment were Laos, accounting for 24.8%, Cambodia with 13.2%, and Venezuela with 8.3%.
In the case of Laos, Vietnam-Laos investment cooperation has seen continuous development. Several investment projects by Vietnamese enterprises in Laos have been effective, leading to further capital increases and expansions in 2024.
Currently, many projects are operating stably and effectively, contributing to socio-economic development, budget revenues, and social welfare. They have also created jobs, improved skills and qualifications for workers, and enhanced infrastructure in some localities, which has been acknowledged and highly appreciated by the Laos government.
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