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Vietnam’s overseas investment up 4.6% during nine months

Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Vietnam’s overseas investment up 4.6% during nine months ảnh 1A car assembly factory of Vinfast (Illustrative photo: VNA)
Hanoi (VNA) – Vietnam’soverseas investment approximated 416.8 million USD during the first nine monthsof 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA)under the Ministry of Planning and Investment.

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 lastyear, while more than 171.96 million USD was added to 18 existingones, surging 3.38-fold.

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

The information and communicationssector ranked second with over 114.35 million USD, or 27.4%. It was followed byelectricity production and distribution, agro-forestry-fisheries, andprocessing - manufacturing, statistics show.

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

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

Theinvestments 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./.
VNA

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