Outbound investment increases by 9.5 times in two months

Data from the General Statistics Office (GSO) showed that during January-February period, Vietnamese investors invested US$233.6 million in 30 new projects abroad, 9.4 times higher than the same period last year. They also increased investment capital in five existing projects by US$5.4 million.

Regarding investment sectors, electricity production and distribution topped the list with US$111.2 million, making up 46.5 percent of the total outbound investments.

Processing and manufacturing industry came second with US$65.6 million, accounting for 27.4 percent while mining sector ranked third with US$41 million, making up 17.1 percent.

Vietnamese investors poured investment capital in 22 countries and territories, of which Laos was the top destination, with US$139.7 million, accounting for 58.4 percent.

It was followed by the Philippines with US$34.2 million, Indonesia US$31.1 million, the British Virgin Islands US$21 million and Cuba US$4 million.

By the end of 2024, Viet Nam had 1,825 active overseas investment projects with total capital exceeding US$22.59 billion. Laos remained the top recipient of Viet Nam's overseas investment with nearly US$5.7 billion, followed by Cambodia (about US$2.94 billion) and Venezuela (US$1.83 billion)./.