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.
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.
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 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.
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 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).
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 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.