overseas investment

Update news overseas investment

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 starts on Vietnam’s biggest project in Lao province

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.

Vietnamese investors to reap fruit from overseas projects

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

Vietnam invests over US$450 million overseas in 10 months

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.

Vietnam’s outbound investment: Gains and pitfalls

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

State-run firms incur huge losses from overseas projects

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

Vietnam’s overseas investment rises sharply

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.

Vietnam’s overseas investment can top US$1 billion annually

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 invests nearly US$400 million abroad over nine-month period

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.

PV Coating wins contract in Myanmar

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.

Vietnam invests over US$815 million in hydropower, mining in Lao province

Vietnam has invested over 815 million USD in hydropower and mining projects in Laos’s Attapeu province, the Vientiane Times reported on June 9.

Vietnamese firms’ outbound investment doubles in five months

Vietnamese enterprises poured over US$293 million into their new projects abroad over the past five months, double the investment made in the same period last year, according to statistics of the Ministry of Planning and Investment.

Vietnam’s overseas investment hits nearly US$21.43 billion

The Foreign Investment Agency (Ministry of Planning and Investment) said that in the first three months of 2022, the total newly and adjusted overseas investment capital of Vietnam reached US$211.45 million, equivalent to nearly 37% of the same period of last year.

Overseas Vietnamese invest US$1.72 billion in Vietnam in 2021

By the end of 2021, overseas Vietnamese in 29 countries and territories had invested in 376 projects in Vietnam with a total investment of US$1.72 billion.

Mobile World and foreign partner to open new retail chain in Indonesia

Doan Van Hieu Em - CEO of two tech retail chains The Gioi Di Dong (Mobile World) and Dien May Xanh – told VietNamNet that the Mobile World will open a new retail chain in Indonesia this year.

Laos top recipient of Vietnam’s overseas investment

Laos has been the largest recipient of Vietnam's overseas investment so far, with 209 projects totalling 5.1 billion USD in registered capital, Minister of Planning and Investment Nguyen Chi Dung has said.

MB names its strategic partner for banking project in Cambodia

The Military Commercial Joint Stock Bank (MB) and Shinsei Bank on December 2, 2021 signed an agreement on the establishment of a commercial joint venture bank in Cambodia.

Vietnamese overseas investment soars by 35.1% over 10 months

Vietnamese overseas investment during the past 10 months of the year surged by 35.1% to reach US$646 million compared to the same period from last year, according to figures recently released by the General Statistics Office (GSO).

Overseas investments soar by 32.4% over nine-month period

Vietnamese overseas investment during the opening nine months of the year surged by 32.4% on-year to reach US$572.3 million, according to the Ministry of Planning and Investment.

Vietnam’s overseas investment more than doubles in seven months: FIA

Vietnam’s overseas investment totalled US$570.1 million in the first seven months of 2021, a 2.3-fold increase from the same period last year, data from the Ministry of Industry and Trade’s Foreign Investment Agency (FIA) showed.