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Vietnam’s outbound investment reached US$572.3 million in nine months

by NDO/VNA27 September 2021 Last updated at 14:42 PM

Illustrative image (Photo: VGP)
Illustrative image (Photo: VGP)

VTV.vn - Vietnamese investment overseas reached US$572.3 million in the first nine months of 2021, up 32.4% over the same period last year, according to the Ministry of Planning and Investment.

Of the figure, over US$150.1 million, equivalent to 55.9% of the total, was poured into 41 new projects and over US$422.1 million was added to 15 existing projects, nearly 2.6 times higher than the same period last year.

The sharp increase in adjusted investment was attributed to US$300 million that Vingroup added to its project in the United States, US$76 million of the Indochina Rubber Investment and Development Co. Ltd project in Cambodia and US$32 million for a project of Vinfast in Germany.

Vietnamese investors have invested in 13 industries, including science and technology; wholesale and retail; agriculture, forestry, fisheries and support services.

The US was the top destination for Vietnamese capital in the period with US$302.8 million, holding a lion’s share of 52.9%.

Cambodia came second with US$89.4 million, followed by Laos, Canada with US$47.8 million and nearly US$32.1 million, respectively.

As of September 20, Vietnam had 1,429 valid overseas investment projects with a total capital of over US$21.8 billion.

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