Vietnam’s overseas investments rise sharply in January-February

Updated: 12:01, 06/03/2023

Vietnam’s outbound investments reached 115.1 million USD in the first two months of this year, 2.16 times higher than that the same period last year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.

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Of the sum, 109.4 million USD was poured into 10 new projects, a 2.1-fold rise year-on-year. Meanwhile, four other projects increased their capital by nearly 5.7 million USD.

Vietnam’s outbound investments reach 115.1 million USD in the first two months of this year, 2.16 times higher than that the same period last year.

Notably, Vietnamese conglomerate Masan Group’s subsidiary The Sherpa received a licence to place 105 million USD in Singapore-based tech firm Trust IQ Pte. Ltd. The project is part of Masan's strategic goal by 2025 to create a consumer - retail - technology ecosystem.

Vietnamese firms invested in 10 sectors abroad, including information-communications, services, wholesale and retail, health care, processing and manufacturing.

Singapore was the biggest recipient of the investments, with a combined capital of 105.5 million USD poured into a new project and another existing one. It was followed by Israel and Laos.

As of February 20, Vietnam counted 1,617 valid overseas projects valued at more than 21.89 billion USD, with 141 by State-invested firms worth some 11.67 billion USD, making up 53.3% of the total.

Laos, Cambodia and Venezuela lured the most Vietnamese investments, mainly in mining, and agriculture, forestry and fishery.

Bac Giang achieves favourable farming and top investment attraction result

(BGO) – On February 21, Chairman of Bac Giang provincial People’s Committee (PPC) Le Anh Duong chaired the regular meeting in February.

Investment attraction in first two months to Bac Giang up 2.7 times

(BGO) – Bac Giang province attracted 830.6 million USD of investment capital in the first two months of 2023, making 2.7 fold increase year on year.

Government targets 95% public investment disbursement in 2023

At least 95% of the public investment budget, or VND676 trillion ($28.47 billion), must be disbursed this year to speed up growth, Prime Minister Pham Minh Chinh said Tuesday.

Enterprises accelerate investment to anticipate new opportunities

As 2023 is forecast to be a difficult year driven by increasing inflation and economic recession at the global level, enterprises in Vietnam have actively built scenarios to adapt to market recovery and anticipate new business opportunities.

Vietnam’s overseas investment reaches nearly 534 million USD

Vietnam's total investment capital abroad reached nearly 534 million USD in 2022. The figure included nearly 426.6 million USD in the newly registered capital.

Source: VNA