Vietnam's 2024 outbound investments hit $473 million

November 11, 2024 | 18:31

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Vietnam's outbound investments reached $473.1 million in the first 10 months of this year, up 11.5 per cent on-year, according to the General Statistics Office (GSO).

Among them, there were 124 newly licensed projects in the first 10 months of 2024, with the total registered capital of $429.9 million, up 71.2 per cent from a year earlier. Meanwhile, businesses also adjusted the investment capital for 21 existing projects with an additional $43.2 million in the given period, down 75.1 per cent from a year earlier.

In the first nine months of the year, Vietnam's outbound investments hit $189.6 million, down 54.5 per cent against the same period last year. It means that overseas investments totalled $283.5 million in October alone.

Vietnam's 2024 outbound investments hit $473 million

Mytel, part funded by Viettel, leads in mobile service market share in Myanmar. Photo: tinnhanhchungkhoan.vn

In terms of sector, investments in science and technology took the lead with $200 million, accounting for 42.4 per cent of the capital that was invested abroad.

The manufacturing and processing industry ranked second with $70.8 million, making up 15 per cent. This was followed by mining with $58.6 million; wholesale, retail, and vehicle repairs with $36.2 million; and transport/warehousing at $33.2 million.

So far this year, Vietnamese investors have poured capital into 30 countries and territories. Indonesia received the largest amount with $127.7 million, followed by India ($90.1 million), Laos ($77.9 million), the Netherlands ($54.6 million), and the United States ($42.8 million).

Vietnam reported about $27.26 billion in foreign direct investment in the first 10 months of the year, an on-year increase of 1.9 per cent. Meanwhile, disbursement of foreign investment reached about $19.58 billion in the first 10 months of this year, up 9 per cent on-year.

Stationery manufacturer Thien Long to increase outbound investment

Thien Long Group – a Vietnamese manufacturer of writing equipment and office stationery – has just adjusted the overseas investment capital for its Flexoffice project – a brand focusing on both domestic and export products – from $814,400 to $1.3 million.

Vietnam's outbound investments reach $136 million in five months

Vietnam's outbound investments reached $136.07 million in the first five months of this year, according to the latest statistics from the Ministry of Planning and Investment.

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.

By Thanh Van

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