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Vietnamese investment overseas has been rising even during the pandemic. Photo: Unsplash According to the Ministry of Investment and Planning, 28 projects were granted new investment registration certificates during the period with a total registered capital of $145.3 million, equal to 70.4 per cent of the corresponding period last year. 11 overseas projects adjusted capital with a total additional $424.8 million, 9.1 times as much as last year. Vietnamese businesses have invested in 12 fields.The science and technology took the lead with new and added capital of $270.8 million, accounting for 47.5 per cent of the total investment capital abroad. The wholesale and retail industry ranked second with a total of six investments with $148.6 million. In addition, Vietnamese investors have poured capital into 18 countries and territories. The US was the largest destination for Vietnamese companies with a total registered investment capital of $302.8 million, followed by Cambodia … [Read more...] about Vietnamese outbound investment continues to rise despite the pandemic

A production line of Hong Kong-invested Gunzetal Việt Nam Co in the southern province of Bình Dương. — VNA/VNS Photo Chí Tưởng HÀ NỘI — Việt Nam raked in US$16.7 billion in foreign direct investment (FDI) in the first seven months of 2021, down 11.1 per cent from the same period last year, data from the Ministry of Planning and Investment (MPI) shows. This is the biggest fall in FDI inflows since the COVID-19 pandemic broke out again in the country in late April, wreaking havoc on multiple industrial parks in the northern provinces of Bac Giắng and Bắc Ninh. Earlier, FDI inflows declined 2.6 per cent year-on-year in the first half of the year, after it edged up 0.8 per cent in the January-May period. According to the MPI’s Foreign Investment Agency, of the 7-month figure, $10.13 billion came from 1,006 newly-registered projects, up 7 per cent year-on-year. Some $4.54 billion was added to 561 existing projects, representing a year-on-year decrease of 3.7 per cent. Capital … [Read more...] about Việt Nam’s FDI inflows plunge 11.1% in seven months

Total foreign direct investment (FDI) registered capital decreased by 11.1% to fall to US$16.7 billion by July 20 due to the adverse impact caused by the latest COVID-19 outbreak, according to the Foreign Investment Agency (FIA). This marks the largest decline following the resurgence of the SARS-CoV-2 virus in late April. The FIA reports that 1,006 projects were newly licensed in seven months with total registered capital of US$10.13 billion, up 7% year on year. There were 561 projects registering to adjust investment capital by an additional US$4.54 billion, down 3.7%, while there were also 2,403 shares purchased by foreign investors worth US$2.05 billion, representing a drop of 46.1%. The sharp fall in the nation’s FDI attraction is attributable to the impact of the latest COVID-19 outbreak. The Business Climate Index (BCI) survey released by the European Chamber of Commerce in Vietnam (EuroCham) in mid-July indicates that the confidence of firms has … [Read more...] about Seven-month FDI registered capital declines due to COVID impact