Vietnam's Overseas Investment Sees Significant Decline Of 54.5% Over Nine Months

Vietnam's overseas investment, encompassing both new and adjusted capital, reached US$189.6 million, marking a 54.5% decline compared to the previous year, as reported by the Ministry of Planning and Investment's Foreign Investment Agency. The Vietnam News Agency (VNA) highlighted that 105 new investment certificates were issued, totalling US$177.5 million, reflecting a 27.5% annual decrease.

In addition to new investments, 20 projects underwent capital adjustments amounting to US$12 million, representing a significant drop of 93%. Vietnamese investors directed their funds into 15 different sectors during this period. The mining sector attracted the highest investment at US$58.6 million, accounting for 30.9% of the total.

The processing and manufacturing industry received US$34.7 million, while wholesale, retail, and vehicle repair sectors garnered US$30.9 million in investments. Investments in electricity, gas, hot water, and air conditioning production and distribution amounted to US$23.5 million.

Vietnam's overseas investments spanned across 27 countries and territories. The Netherlands emerged as the leading destination with US$54.6 million in investments, closely followed by Laos with US$43.5 million.

The United States also attracted significant investment from Vietnam at US$41.8 million, while Cambodia and the UK received US$21.8 million and US$20.4 million respectively.

As of September this year, Vietnam maintained 1,772 valid overseas projects with a cumulative capital nearing US$22.11 billion. The mining sector dominated this capital allocation with a share of 31.8%, followed by agro-forestry-fishery at 15.3%.

The primary destinations for these investments remained within the ASEAN region, with Laos receiving 24.9% and Cambodia securing 13.3% of the total investments.

Conversely, foreign investors committed over US$24.78 billion to Vietnam through new registrations, capital adjustments, and share acquisitions in the first nine months of this year—an increase of 11.6% from last year.

The disbursed foreign capital surpassed US$17.3 billion during this period, marking an 8.9% rise compared to the previous year.

With inputs from WAM