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Update news vietnam overseas investment
Today, the company is struggling with accumulated losses of several trillion VND, shares trading at a fraction of their former value, and plans to sell a factory in China.
Overseas investment activities of Vietnamese enterprises show promising growth but also come with significant potential risks. To avoid major setbacks, it is crucial to plan for contingencies right from the start.
Vietnamese enterprises pumped more than 136 million USD of total investment into new projects and to supplement capital in ventures abroad in the first five months, equivalent to 43% of the figure seen in the same period last year.
Vietnamese enterprises invested over 25 million USD in 17 new projects aboard in the first two months of 2024, equal to 21.7% of the capital registered in the same period last year.
Vietnam's first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (1.2 billion USD) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko.
Vietnamese Green and Smart Mobility JSC (GSM) is working on a project to import 150 VinFast’s electric vehicles into Laos to provide its e-taxi service in the market, said Nguyen Van Thanh, CEO of GSM.
Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Rikkeisoft, the largest private technology company in Vietnam, specialising in helping customers with digitalisation and innovative solutions, is embarking on a strategic commitment to invest up to US$30 million in the US over the next three years.
Vietnamese enterprises invested a total of US$320.6 million abroad, including newly and adjusted capital, during the opening seven months of the year, representing a drop of 10.6% year on year, according to the General Statistics Office.
Investment experts discuss the threats and opportunities of Vietnam's overseas investment activities at the launch of a new book on the subject.
Vietnam invested nearly 316.4 million USD abroad in the first five months of this year, equivalent to 93.5% of the figure recorded in the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Vingroup Investment Vietnam Joint Stock Company has asked for government approval for adjustments to investment projects of VinFast in France, Germany and the Netherlands.
The Government has issued Decree No. 135/2015/NĐ-CP stipulating indirect overseas investment.
VietNamNet Bridge - While foreign capital is flowing to real estate in Vietnam, domestic capital is going to the international property market.