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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.__Photo: baodautu.vn |
Vietnamese investors pumped nearly USD 664.8 million into 164 new projects and 26 existing ventures abroad in 2024, up 57.7 percent in value as compared to the previous year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
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 percent of the total capital), manufacturing (21 percent), and power generation and distribution (14.2 percent).
Geographically, Vietnamese investments spread across 31 countries and territories, with Laos emerging as the top destination, capturing 28.8 percent of the total capital. Indonesia saw a dramatic surge in Vietnamese investment, securing 20.7 percent of the total capital and marking a 227-fold increase from the previous year. Meanwhile, India ranked third, attracting 13.5 percent 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 USD 22.59 billion. Over the past time, Vietnamese investors have maintained a strong presence in 18 out of 21 sectors, with significant capital landing in mining (USD 7 billion or 31 percent of the total capital), agro-forestry-fishery industry (nearly USD 3.4 billion or 15 percent), and information and communications (more than USD 2.84 billion or 12.6 percent).
Countries with the largest investment from Vietnam include Laos (nearly USD 5.7 billion), Cambodia (nearly USD 2.94 billion), and Venezuela (nearly USD 1.83 billion).- (VNA/VLLF)
