Of the total, nearly 244.37 million USD was poured into 79 new projects, or 70.8% of the figure in the same period in 2022, while 171.96 million USD was added to 18 existing ones, a year-on-year increase of 3.38 times.

Leading destination for Vietnamese investor is Laos, accounting for 24.7% of the total investment abroad in the first eight months of 2023.

Vietnamese investors abroad invested in 13 sectors, especially retail and wholesale (150.28 million USD), information and communications (114.32 million USD), electricity production and distribution, agro-forestry-fisheries; and finance – banking.

In the January – August period, Vietnamese investments landed in 23 countries and territories, led by Canada with one new and one capital-added project worth over 150.2 million USD, accounting for 31.6% of the total investment. It was followed by Singapore, Laos, and Cuba.

As of August 20, Vietnam had operated 1,665 valid projects abroad with a combined investment of nearly 22.1 billion USD, including 141 by State-owned enterprises worth 11.67 billion USD, accounting for 52.8% of the country’s total, the agency said.

Vietnamese investment abroad is mostly in mining (31.5%) and agro-forestry-fisheries (15.5%).

Leading destinations for Vietnamese investors are Laos (24.7%), Cambodia (13.3%), and Venezuela (8.3%).

Department of Planning and Investment discusses and removes difficulties for businesses

BAC GIANG - On the morning of August 15, the Department of Planning and Investment (DoPI) of Bac Giang province held a conference to meet and talk with companies and investors in the province to listen, grasp and promptly remove their difficulties during production and doing business.

Ample room remains for Vietnam-Israel to boost trade, investment cooperation

There remains ample space for Vietnam and Israel to enhance their economic and trade cooperation, towards building a business ecosystem for their business communities in the time ahead, heard a forum in Ho Chi Minh City on August 15.

PM calls on Abbott to expand investment in Vietnam

Prime Minister Pham Minh Chinh on August 9 suggested US healthcare giant Abbott expand its investment and upgrade the quality of its pharmaceutical manufacturing plants in Vietnam, thus helping promote the domestic pharmaceutical industry.

Positive outlook for Vietnam’s foreign investment attraction

Vietnam’s foreign investment attraction will see a positive outlook in the coming time as efforts have been made to improve investors’ trust in the country, said director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) Do Nhat Hoang.

Vietnam lures over 16 billion USD in foreign investment

As of July 20, total newly-registered capital, additional capital, and capital contributions and share purchase by foreign investors stood at nearly 16.24 billion USD, up 4.5% compared to the same period of 2022 and 8.8% compared to the first half of the year.

Source: VNA