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.
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 percent 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. Science and technology took the lead with new and added capital of
$270.8 million, accounting for 47.5 percent 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 significant 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 a total investment capital of $21.8 billion.
Source: Vietnam Investment Review
August 26, 2021
