In the first seven months of 2021, Vietnamese businesses invested nearly $570 million in overseas markets, more than 2.3 times as much as in the same period last year.
|Vietnamese investment overseas has been rising even during the pandemic. Photo: Unsplash |
According to the Ministry of Investment and Planning, 28 projects were granted new investment registration certificates during the period with a total registered capital of $145.3 million, equal to 70.4 per cent of the corresponding period last year. 11 overseas projects adjusted capital with a total additional $424.8 million, 9.1 times as much as last year.
Vietnamese businesses have invested in 12 fields.The science and technology took the lead with new and added capital of $270.8 million, accounting for 47.5 per cent of the total investment capital abroad. The wholesale and retail industry ranked second with a total of six investments with $148.6 million.
In addition, Vietnamese investors have poured capital into 18 countries and territories. The US was the largest destination for Vietnamese companies with a total registered investment capital of $302.8 million, followed by Cambodia ($89.2 million), Laos ($47.8 million), and Canada ($32.1 million).
Vingroup has registered four investment projects abroad, making a siginificant contribution to outbound activities during the period. The conglomerate has projects in France, the Netherlands, and Canada, with the investment capital of each project reaching $32 million. It also has a project in Singapore with an investment capital of $20.5 million. These projects are invested with the goal of importing and exporting telecommunications equipment, electronics, household appliances, and automobiles. In addition, Vingroup also raised investment in the US by $300 million, and by $32 in Germany.
By July 20, Vietnam has 1,423 valid overseas investment projects with the total investment capital of $21.8 billion.