Vietnam's overseas investment surged sharply in the first 11M
So far, as of the end of November, Vietnam's total overseas investment capital exceeding $22.52 billion.
According to data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI), in the first 11 months of 2024, Vietnam invested in 151 projects abroad, with a total registered capital estimated at nearly $599 million, up 51.6 per cent year - on- year.
Vietnamese investors poured capital into 16 different sectors abroad, with science and technology leading the way with $200.5 million, accounting for 33.4 per cent of the total, followed by the manufacturing and processing, with $108.76 million (18.1 per cent), and electricity, gas, hot water, steam, and air conditioning production and distribution with $94.57 million (15.7 per cent).
Other sectors also saw notable investments, such as mining with $60.67 million (10.13 per cent), transport and warehousing with $38.62 million (6.4 per cent), along with wholesale, retail, and automobile and motorcycle repair.
In terms of investment territories, over the past 11 months, Vietnam has invested in 31 countries and territories. Notably, Vietnamese enterprises have heavily invested in markets such as Laos, Indonesia, India, the United States, and the Netherlands. Laos leads with $160,68 million, accounting for 26.83 per cent of the total. It is followed by Indonesia with $137.70 million (22.9 per cent), India with $90.05 million (15.04 per cent), the United States with $71.35 million (11.9 per cent), and the Netherlands with $54.6 million ( 9.1 per cent).
Some outstanding projects of Vietnamese enterprises abroad in 2024 include: VinFast officially broke ground on its first integrated electric vehicle manufacturing plant in Tamil Nadu (India) in February, which covers an area of 160 hectares with an initial investment capital estimated at $500 million over five years; and TH Group began constructing a dairy farming and milk processing project in Russia's far eastern Primorsky territory in May, with a total investment of RUB19 billion (more than $190.93 million), aiming to provide high-quality dairy products to the Russian market and neighboring countries.
So far, as of the end of November 2024, Vietnam has 1,813 active overseas investment projects with a total capital investment exceeding $22.52 billion.Vietnamese investment is primarily focused on the mining sector, with total investment capital reached $7.03 billion (accounting for 31.21 per cent of the total), followed by agriculture, forestry, and fisheries with $3.39 billion (15 per cent), and information and communication with $2.84 billion (12,6 per cent).