Vietnamese overseas investment soars in January

VOV.VN - Local enterprises invested a total of US$36.9 million abroad in January, representing a 11.7 fold-increase compared to the same period from last year, according to figures given by the Ministry of Planning and Investment.

During the course of this period, firms received investment licenses for 15 projects worth roughly US$44.2 million, an increase of 14 times against last year’s corresponding period.

Of the figure, US$9.19 million was added to one project, while another project was adjusted to decrease capital by a total of US$16.4 million.

Capital outflows were mainly poured into nine industries, with the mining sector taking the lead with a new project capitalized at US$35.54 million, followed by the financial and banking sector with US$9.19 million, in addition to the wholesale and retail and transportation and warehousing sectors.

Most notably, Laos was the largest recipient of Vietnamese overseas investment in the reviewed period, making up 25% of the country’s overall investment abroad with US$48.23 million, trailed by the United States with over US$7.8 million, China, the Republic of Korea, and Japan.

As of January 20, the nation had 1,463 valid overseas investment projects with a total investment capital of over US$20.9 billion.

According to economic experts, amid the complicated developments regarding the COIVD-19 pandemic, Vietnamese overseas investment has been on an upward trend, which has helped elevate the status of local enterprises in the wider context of international economic integration.

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