Vietnamese firms invest nearly 421 million USD overseas in 2023
Vietnam’s overseas investment, including both newly-registered and adjusted capital, hit 420.9 million USD in 2023, down 21.2% from 2022, reported the General Statistics Office (GSO) under the Ministry of Planning and Investment.
Vietnam’s overseas investment hits 420.9 million USD in 2023. - Illustrative image (Photo: VNA)
Hanoi (VNA) - Vietnam’s overseas investment, including both newly-registeredand adjusted capital, hit 420.9 million USD in 2023, down 21.2% from 2022, reportedthe General Statistics Office (GSO) under the Ministry of Planning andInvestment.
Of the amount, over 282.7 million USD was registered for 124 newprojects, falling by 33.7% year-on-year, while 138.2 millionUSD was added to 25 existing ones, up 1.3 fold.
Investments in wholesale and retail, and repair of cars, motorcycles,motorbikes and motor vehicles sectors totalled 156.9 million USD,accounting for 37.3% of the total.
The information and communications sector ranked second withover 120.6 million USD, or 28.7%. It was followed by electricity, gas, hot water, steam, and air conditioner production and distribution with 84.4 millionUSD, accounting for 20%.|
Among the 26 countries and territories where Vietnameseinvestors are operating, Canada took the lead with over 150.3 million USD(35.7%), followed by Singapore, Laos, and Cuba.
On the opposite side, as of December 20, Vietnam attracted nearly36.6 billion USD of foreign investment, up 32.1% year-on-year.
The disbursement of foreign direct investment(FDI) in Vietnam in 2023 reached an estimated 23.18 billion USD – a record levelin the last five years, and an increase of 3.5% over the previous year.
Experts forecast that Vietnam will continue to be an attractive destinationfor foreign investors in the future. /.
Vietnamese enterprises have 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 (MPI).
Vietnam's total investment capital abroad reached nearly 534 million USD in 2022. The figure included nearly 426.6 million USD in the newly registered capital.
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Vietnam’s overseas investment hits 420.9 million USD in 2023. - Illustrative image (Photo: VNA) 
