Vietnamese firms’ overseas investment rises nearly 2.5-fold in H1
Overseas investment by Vietnamese firms neared US$547 million in the first half of 2021, rising close to 2.5 folds against the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
As many as 24 new projects with a combined registered capital of US$143.8 million were granted investment certificates in the months, equivalent to 77.6 % of the same period last year.
Over US$403 million were added to nine existing projects in H1. They included two projects of the Vingroup conglomerate and its automobile arm Vinfast which were adjusted up by US$300 million and US$32 million in the US and Germany, respectively.
Among the 12 fields of investment, Vietnamese firms channeled US$270.8 million into science-technology projects, accounting for nearly half of the total. Wholesale and retails came second with US$148.6 million.
The US was the top destination for Vietnamese capital in the period with US$302.8 million, holding a lion’s share of 55.4 %.
Cambodia ranked second with US$89.2 million, followed by Canada and France.
As of June 20, Vietnam had 1,420 valid overseas projects totaling US$21.8 billion, mainly in the sectors of mining (36.4 % of total capital) and agro-forestry-fisheries.
Laos was the largest recipient of Vietnam’s overseas investment, making up 23.7 % of the total capital, followed by Cambodia (13.1 %) and Russia (nearly 13 %).
