OVERSEAS INVESTMENT SURGES 57.7% IN 2024

Viet Nam invested US$664.8 million in 190 overseas projects in 2024, up 57.7 percent in capital against the previous year, according to the Foreign Investment Agency (FIA).

In 2024, Vietnamese investors poured capital into 16 sectors abroad, with science and technology leading the way, accounting for 30.2 percent of the total; followed by the manufacturing and processing, making up 21 per cent; and electricity, accounting for 14.2 percent.

In terms of investment territories, last year, Viet Nam invested in 31 countries and territories. Notably, Vietnamese enterprises have heavily invested in markets such as Laos (accounting for 28.8 percent), Indonesia (20.7 percent), and India (13.5 percent).

By the end of 2024, Viet Nam had 1,825 active investment projects abroad with a total capital investment exceeding US$22.59 billion.

Vietnamese investment is primarily focused on the mining sector, with total investment capital reached US$7.03 billion (accounting for 31 percent of the total), followed by agriculture, forestry, and fisheries with US$3.4 billion (15 percent), and information and communication with US$2.84 billion (12.6 percent).

Especially, Laos is the country that receives the most capital from Viet Nam, with US$5.7 billion (accounting for 25.1 percent), Cambodia with US$2.94 billion (13 per cent), and Venezuela with US$1.83 billion (8.1 percent).

Source: VCCI