Of the amount, over 244.8 million USD was registered for 84 new projects, equivalent to 70.5% of the value posted in the same period last year, while more than 171.96 million USD was added to 18 existing ones, surging 3.38-fold.

A car assembly factory of Vinfast.

Vietnamese investors poured money into 14 sectors abroad during the nine months. The wholesale and retail sector topped the list with nearly 150.64 million USD, accounting for 36.1% of the total, channelled into 26 new projects and six existing ones.

The information and communications sector ranked second with over 114.35 million USD, or 27.4%. It was followed by electricity production and distribution, agro-forestry-fisheries, and processing - manufacturing, statistics show.

Among the 24 countries and territories recording Vietnamese investments during the period, Canada took the lead with over 150.2 million USD (36%) poured into one new project and one existing project there, followed by Singapore, Laos, and Cuba.

As of September 20, Vietnam had 1,667 valid overseas investment projects with combined capital of nearly 22.1 billion USD. They include 141 projects worth almost 11.67 billion USD of State-invested enterprises, making up 52.8%.

The investments concentrated on mining (31.5%) and agro-forestry-fisheries (15.5%). Meanwhile, the biggest destinations of Vietnamese investments were Laos (24.7%), Cambodia (13.3%), and Venezuela (8.3%), according to the FIA.

Opportunity to receive investment wave from US

It is no coincidence that at the US–Vietnam Innovation and Investment Summit, Minister of Planning and Investment Nguyen Chi Dung, recalled the story more than 30 years ago. When US investors came to Vietnam, they said that if the US invested, it would become the largest investor.

Bac Giang promotes cooperation with Korean partners in investment and human resource training

BAC GIANG - The delegation of Vietnam-Korea Business and Investment Association (VKBIA) led by Tran Hai Linh, member of Vietnam Fatherland Front Central Committee and VKBIA Chairman had a meeting with the People’s Committee of Bac Giang province on September 11.

Vietnam, US agree to turn investment, innovation into important pillar of new partnership

Vietnamese Prime Minister Pham Minh Chinh and US President Joseph Robinette Biden Jr. agreed on September 11 to turn technology, innovation, and investment into a truly new important pillar of the countries’ freshly established comprehensive strategic partnership.

Bac Giang approves for investment policy of new 50 hectare urban project in Hiep Hoa

BAC GIANG  - The Bac Giang provincial People’s Committee has issued Decision to approve for the investment policy of Chau Minh – Mai Dinh new urban project in Hiep Hoa district (Bac Giang province).

Bac Giang accelerates public investment disbursement

BAC GIANG - By August, Bac Giang's public investment disbursement rate had been lower than the national average. To speed up the progress, the province is focusing on synchronously implementing solutions with a view to disbursing all allocated capital this year.

Source: VNA