(VOVWORLD) -Vietnamese enterprises invested over 347.3 million USD in 80 new projects in the first nine months of 2022, rising 2.31 fold year on year, according to the Ministry of Planning and Investment.
 The processing and manufacturing industry takes the lead in Vietnam's overseas investment (Photo: baodautu.vn) |
The MPI cited capital outflow to five newly-licensed projects by VinES Energy Solutions Joint Stock Company to the United States, Canada, France, Germany, and the Netherlands, with total investment capital of 35 million USD per project.
The majority of capital outflow was poured into 13 industries, of which the processing and manufacturing industry took the lead with 11 new projects capitalized at over 290 million USD, accounting for 55% of total investment capital from the nation to countries abroad.
Banking, finance, and insurance activities ranked second, followed by wholesale and retail, agriculture, forestry, fisheries industries.
Vietnamese investments were largely channeled into 24 countries and territories during the reviewed period, with Laos being the largest recipient of Vietnamese investment with 66 million USD, making up 17% of total investment capital. Singapore ranked second, followed by the US, Germany, and the Netherlands.
As of September 20, Vietnam is involved in 1,584 valid overseas investment projects totaling more than 21.6 billion USD.