Vietnam’s Outbound Investment Surges in January
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metfone - Viettel's branch in Cambodia. Photo: Vietnam Economic News |
Vietnamese firms invested US$36.9 million abroad in January, a 11.7-fold year-on-year, the Ministry of Planning and Investment said.
During the period, investment licenses were granted to 15 projects worth some $44.2 million, 14 times higher than last year’s figure.
Capital outflows were mainly poured into nine industries, especially mining ($35.54 million), financial and banking ($9.19 million), wholesale and retail, transportation and warehousing.
Laos was the largest recipient of Vietnamese overseas investment in the month, accounting for 25% of the total, followed by the US, China, the Republic of Korea (RoK) and Japan.
As of January 20, Vietnam had run 1,463 valid overseas projects with total investment of over $20.9 billion.
Experts said amid the complicated developments of the Covid-19 pandemic, Vietnamese outbound investment has been on an upward trend, helping to elevate the status of local enterprises in international economic integration.
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FDI to Vietnam predicted to surge in 2022. Photo: Ministry of Planning and Investment |
Meanwhile, during the first two months of the year, Vietnam recorded $2.1 billion in new investment with $1.6 billion disbursed, respectively 6.8% and 4.2% increases from the same period last year.
According to the Department of Foreign Investment, 71 FDI projects have applied to increase their investment in recent months, a positive sign for the manufacturing sector as it shows a strong effort to speed up recovery by firms.
An increase in the number of new projects and investment in existing projects shows the strong confidence of foreign firms in the country's investment environment./.
![]() | Global CEOs, Experts Optimistic about Vietnamese Economy Growth Strong return of foreign direct investment (FDI) flows and digitalisation expected to fuel Vietnam’s economic growth |
![]() | Overseas Vietnamese’s More Investment Needed in Agricultural Products: Official Nguyen Phu Binh, chairman of the Association for Liaison with Overseas Vietnamese said that the time is right for overseas Vietnamese to invest in agriculture. |
![]() | Over $2.1 Billion of Foreign Investment Poured into Vietnam in January The inflow of foreign investment into Vietnam hit over 2.1 billion as of January 20, up 4.2% year-on-year. |
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