Vietnam invests 664.8 million USD abroad last year
Vietnamese investors pumped nearly 664.8 million USD into 164 new projects and 26 existing ventures abroad in 2024, up 57.7% in value as compared to the previous year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
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| Star Telecom (Unitel), a joint venture between Viettel Global and Lao Asia Telecom. Laos has been the largest recipient of Vietnamese investment over the past years. (Source: baodautu.vn) |
While this upward trend signals renewed confidence in foreign markets, the figures remain below pre-pandemic levels, primarily due to the absence of large-scale projects.
The investment landscape showed notable diversification across 16 sectors, with most of the capital injected into professional services and science-technology (30.2% of the total capital), manufacturing (21%), and power generation and distribution (14.2%).
Geographically, Vietnamese investments spread across 31 countries and territories, with Laos emerging as the top destination, capturing 28.8% of the total capital. Indonesia saw a dramatic surge in Vietnamese investment, securing 20.7% of the total capital and marking a 227-fold increase from the previous year. Meanwhile, India ranked third, attracting 13.5% of investments, representing a nearly 60-fold increase from 2023.
As of end-2024, Vietnam's cumulative overseas investment portfolio comprised 1,825 valid projects totaling over 22.59 billion USD. Over the past time, Vietnamese investors have maintained a strong presence in 18 out of 21 sectors, with significant capital landing in mining (7 billion USD or 31% of the total capital), agro-forestry-fishery industry (nearly 3.4 billion USD or 15%), and information and communications (more than 2.84 billion USD or 12.6%).
Countries with the largest investment from Vietnam include Laos (nearly 5.7 billion USD), Cambodia (nearly 2.94 billion USD), and Venezuela (nearly 1.83 billion USD).
(Source: VNA)
