Outbound investments close to $665 million in 2024

January 08, 2025 | 15:37

(0) user say

Vietnam's outbound investments reached $664.8 million for 2024, an on-year surge of almost 58 per cent, as Vietnamese companies extend their reach in international markets.

Outbound investments close to $665 million in 2024

According to data by the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnamese investors were granted investment certificates for 164 new projects in 2024 with the total registered capital of almost $604 million, more than double last year's figure. Meanwhile, they also adjusted the investment capital for 26 existing projects with an additional $61 million in 2024, down close to 56 per cent from a year ago.

Vietnamese outbound investments span 16 sectors, with science and technology the most popular destination, accounting for more than 30 per cent of the total invested abroad. It was followed by processing and manufacturing, which made up 21 per cent of the total, 8.7 times higher than the previous year. Electricity production and distribution ranked third with just over 14 per cent, up 12 per cent on-year.

Vietnamese investors made forays into 31 different countries and territories in 2024, with Laos the largest recipient, home to just under 29 per cent of Vietnam's total outbound investment. Indonesia came second with close to 21 per cent, followed by India with 13.5 per cent.

Notable projects by Vietnamese businesses include VinFast's integrated EV manufacturing facility in Tamil Nadu, India, and TH Group's dairy farming and milk processing venture in Russia.

As of the end of 2024, Vietnam has invested in 1,825 valid foreign projects, totalling more than $22.6 billion.

Vietnam records $147.3 million outbound investment in first eight months of 2024

Vietnam's overseas investment totaled $147.3 million in the first eight months of 2024, equaling 35.4 per cent of last year's figure, according to the Ministry of Planning and Investment.