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| Electronic circuit board production line at Korean-funded Nexcon Vietnam Co., Ltd. in Bac Ninh province.__Photo: VNA |
Vietnam's overseas investment, including new and adjusted capital, amounted to USD 189.6 million, down 54.5 percent year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
In detail, new investment certificates were issued for 105 projects worth USD 177.5 million, an annual decrease of 27.5 percent. Additionally, 20 projects saw capital adjustments totaling USD 12 million, plunging by 93 percent.
Vietnamese investors channeled their capital into 15 fields in the period, with the mining sector attracting the most, at USD 58.6 million or 30.9 percent of the total. The processing and manufacturing industry as well as wholesale, retail, and vehicle repair followed with USD 34.7 million and USD 30.9 million, respectively. Meanwhile, their investments in electricity, gas, hot water, and air conditioning production and distribution reached USD 23.5 million.
Vietnam's overseas investment was poured into 27 countries and territories, with the Netherlands as the top destination, receiving USD 54.6 million and closely followed by Laos with USD 43.5 million.
The US, Cambodia, and the UK were also significant destinations, attracting USD 41.8 million, USD 21.8 million, and USD 20.4 million, respectively.
As of September this year, Vietnam had 1,772 valid overseas projects with cumulative capital of nearly USD 22.11 billion. The mining sector held the lion’s share of this capital, at 31.8 percent, followed by agro-forestry-fishery at 15.3 percent. The primary destinations for the investments remained within the ASEAN region, with Laos and Cambodia receiving 24.9 percent and 13.3 percent, respectively.
On the other hand, in the first nine months, foreign investors committed to investing more than USD 24.78 billion in Vietnam through new registrations, capital adjustments, and share acquisitions, an 11.6 percent increase from the previous year. The disbursed foreign capital exceeded USD 17.3 billion, up 8.9 percent year-on-year.- (VNA/VLLF)
