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

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.