The amount included US$150.1 million poured into 40 new projects, equivalent to 68.7% of the figure in the same period last year, while US$424.9 million was added to 13 existing ones, rising 3.8-fold.

Vietnam’s overseas investment surged 74.1% year on year in the first eight months of 2021.

With US$270.8 million, science - technology tops the 13 sectors Vietnamese investors poured money into, accounting for 47.1% of the total overseas investment.

It is followed by wholesale and retail with US$150.9 million, equivalent to 26.2%; agriculture, forestry, and fisheries; and administrative activities and support services.

Vietnamese investments were channeled into 20 countries and territories during the eight months.

The US was the top destination with US$302.8 million, making up 52.7% of the total. Cambodia, Laos, and Canada followed, respectively attracting US$89.4 million, US$47.8 million and US$32.1 million.

As of August 20, Vietnam had 1,428 valid investment projects overseas, the majority of which, 36.3%, operated in the mining industry and 15.3% in the agro-forestry-fishery sector.

Laos was the largest recipient of Vietnamese investment with 23.8%, Cambodia 13.1%, and Russia 12.9%, the ministry’s Foreign Investment Agency said.

Foreign investment poured in Vietnam despite Covid-19

Despite impacts of the Covid-19 pandemic, Vietnam is still attracting foreign investment in its electronic industry, technology website Digitimes, based in Taiwan (China), has reported.

PM orders law revision to solve difficulties in investment, business

Prime Minister Pham Minh Chinh has sent a dispatch to several ministers, ordering a revision of laws to address difficulties in investment and business amidst complex developments of the Covid-19 pandemic.

Project approved to enhance effectiveness of investment attraction to Bac Giang by 2030

(BGO) - The Bac Giang provincial People’s Committee has recently issued Decision No.797/QD-UBND to approve for the Project to enhance the effectiveness of investment attraction to Bac  Giang province by 2030, with focal points of opinion, orientation, tasks and solutions in the upcoming time.

Source: VnExpress