Vietnam has invested over 3.7 billion USD in 110 projects in the Lao and Cambodian provinces located in the three countries’ Development Triangle so far, statistics show.

Vietnam’s Mobile World Investment Corporation (MWG) opened the 50th store of EraBlue – its joint venture with Indonesia’s leading technology retail provider Erafone – in Tangerang, Indonesia on January 23.

Vietnamese businesses injected nearly US$421 million into investment projects overseas in 2023, equivalent to 78% of the figure recorded last year, according to the Ministry of Planning and Investment.

Vietnam’s total investment capital abroad, including newly registered and adjusted capital, reached US$395 million over the past 11 months of the year, representing a fall of 16.7% year on year.

As many as 30 State-owned enterprises invested over US$6.6 billion overseas by the end of 2022, according to a report of the Ministry of Finance.

There had been 1,643 Vietnamese-invested valid projects in foreign countries with a total capital of 21.93 billion USD as of late April, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

In the first four months of this year, Vietnam saw 41 new projects abroad licensed with the investment from Vietnam reaching US$140 million, a decline of 51% compared with that of the same period last year.

Vietnam’s overseas investment, including both newly-registered and adjusted capital, reached more than US$115.1 million during the first two months of the year, representing a 2.6-fold rise compared to the same period from last year.

Vietnamese digital companies should expand their reach to tap into the trillion-dollar global market where the opportunities are abundant for the high-quality IT engineering team of Viet Nam, experts urged at a conference on the matter.

Vietnamese businesses poured nearly US$534 million into their projects abroad in 2022, a sharp increase over last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Work on construction of a bauxite-alumina mining industrial complex, one of Vietnam’s largest projects in Lao, began in Dakcheung district, the southern Lao province of Sekong, on December 19.

A government report shows that as of December 31, 2021, total overseas investment capital of Vietnamese enterprises had reached $6.61 billion.

Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.

Apart from sweet gains, outbound investment ventures of many local groups are also strewn with many pitfalls.

Thirty projects invested overseas by State-run enterprises racked up total losses of US$335.5 million in 2021, up 42% year-on-year.

By 2021, 62 outward investment projects of 14 enterprises had recovered the investment capital with an accumulated amount of $3.64 billion, including $1.74 billion worth of profits transferred home.

Overseas investment by Vietnamese firms is growing and can surpass 1 billion USD per year in the future, from about 700 million USD at present, said Chairman of the Vietnam Association of Foreign Invested Enterprises Nguyen Mai.

Vietnam’s new and adjusted investment capital overseas during the initial nine months of the year reached nearly US$398.3 million, according to details given by the Ministry of Planning and Investment.

PetroVietnam Coating JSC, a member of PetroVietnam Gas JSC, has won a contract to coat a 14-inch, 9.5km-long marine pipeline using anti-corrosion method and reinforced concrete as part of a mining project run by Thailand's PTTEP Group in Myanmar.