Vietnam’s overseas investment declines in nine months

Vietnam's overseas investment, including new and adjusted capital, amounted to 189.6 million USD, down 54.5% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Hanoi (VNA) – Vietnam's overseas investment, including new and adjusted capital, amounted to 189.6 million USD, down 54.5% year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

In detail, new investment certificates were issued for 105 projects worth 177.5 million USD, an annual decrease of 27.5%. Additionally, 20 projects saw capital adjustments totaling 12 million USD, plunging by 93%.

Vietnamese investors channelled their capital into 15 fields in the period, with the mining sector attracting the most, at 58.6 million USD or 30.9% of the total. The processing and manufacturing industry as well as wholesale, retail, and vehicle repair followed with 34.7 million USD and 30.9 million USD, respectively. Meanwhile, their investments in electricity, gas, hot water, and air conditioning production and distribution reached 23.5 million USD.

Vietnam's overseas investment was poured into 27 countries and territories, with the Netherlands as the top destination, receiving 54.6 million USD and closely followed by Laos with USD 43.5 million.

The US, Cambodia, and the UK were also significant destinations, attracting 41.8 million USD, 21.8 million USD, and 20.4 million USD, respectively.As of September this year, Vietnam had 1,772 valid overseas projects with cumulative capital of nearly 22.11 billion USD. The mining sector held the lion’s share of this capital, at 31.8%, followed by agro-forestry-fishery at 15.3%. The primary destinations for the investments remained within the ASEAN region, with Laos and Cambodia receiving 24.9% and 13.3%, respectively.

On the other hand, in the first nine months, foreign investors committed to investing more than 24.78 billion USD in Vietnam through new registrations, capital adjustments, and share acquisitions, an 11.6% increase from the previous year. The disbursed foreign capital exceeded 17.3 billion USD, up 8.9% year-on-year./.