According to the Ministry of Planning and Investment, Vietnamese enterprises have invested over 347.3 million USD in 80 new projects in the first nine months of 2022, rising 2.31 times over the same period. Meanwhile, 50.9 million USD has been poured into 15 existing ones, equivalent to 12% of that in the same period last year.
The surge in new overseas investments is partly attributable to five major projects by the Vines Energy Solutions JSC in the US, Canada, France, Germany, and the Netherlands. Projects receiving additional capital include the one by Vingroup in the US (up 300 million USD), that of the Indochina Rubber Investment and Development Co. Ltd in Cambodia (up 76 million USD), and another by Vinfast in Germany (up 32 million USD).
Regarding to sector, Vietnamese firms have invested in 13 sectors abroad in the nine months. The processing and manufacturing industry took the lead with over 291.6 million USD, equivalent to 55.2% of the total. It was followed by finance, banking, insurance (35.3 million USD, equivalent to 8.9%), wholesale and retail, mining, and agriculture, forestry, fisheries.
As of September 20, Vietnam had invested over 21.6 billion USD in 1,584 overseas projects. The capital concentrated in mining (32.2%), agriculture, forestry and fisheries (15.9%). The statistics show that Laos, Cambodia, and Venezuela received the most investment when respectively making up 24.7%, 13.6%, and 8.4% of Vietnam’s overseas investment.