In the first 8 months of 2024, Vietnamese enterprises' investment in the Netherlands accounted for more than 37% of total capital.

In the first 8 months of 2024, there were 25 countries and territories receiving investment from Vietnamese enterprises.

A corner of the Kaleum coal mine of the Phonesack Joint Venture in Xekong province, Laos. (Source: Quang Tri province electronic information portal)

Foreign investment is slowing down, but it is only a matter of time. The reason is that in recent years, due to the impact of general difficulties of the global economy , as well as Vietnam, foreign investment of Vietnamese enterprises has tended to decrease.

According to data released by the General Statistics Office, in the first 8 months of 2024, Vietnam's total investment capital abroad, including newly granted and adjusted capital, reached 147.3 million USD, down 64.6% over the same period last year.

Of these, 75 projects were newly granted investment certificates and 17 projects had capital adjustment from Vietnam.

In terms of investment sectors, Vietnam invested abroad in 14 sectors. Of which, mining reached 58.6 million USD, accounting for 39.8% of total investment capital; processing and manufacturing industry reached 29.1 million USD, accounting for 19.7%.

Third place is wholesale and retail, repair of automobiles, motorcycles, motorbikes and other motor vehicles reaching 24.7 million USD, accounting for 16.8%. Professional scientific and technological activities reached 20 million USD, accounting for 13.6%.

Other services reached 10 million USD, accounting for 6.8%. Production and distribution of electricity, gas, hot water and air conditioning reached nearly 8 million USD, accounting for 5.4% of investment capital.

In terms of investment territories, in the first 8 months of 2024, there were 25 countries and territories receiving investment from Vietnam. One positive point is that recently, in addition to traditional investment markets, some Vietnamese enterprises have invested in the US, the Netherlands, Europe... and some other markets.

Accordingly, the Netherlands is the leading country with 54.6 million USD, accounting for 37.1% of total investment capital; Laos 37.8 million USD, accounting for 25.7% of investment capital.

The UK 19.8 million USD, accounting for 13.4% of investment capital; the US 18.6 million USD, accounting for 12.7%; Cambodia 16.6 million USD, accounting for 11.3%; New Zealand 5.9 million USD, accounting for 4% of investment capital.

The Foreign Investment Agency said that Vietnam's leading investors, including Vingroup, TH, FPT, Vinamilk, etc., will continue to expand their investment activities abroad.

Recently, TH Group has started the Dairy Cow Farming and Milk Processing Project with a total investment of 5,200 billion VND in the Far East (Russia), to continue realizing the investment plan of 2.7 billion USD in this large market.

To expand its market, FPT has recently been continuously carrying out mergers and acquisitions (M&A) deals. In March 2024, FPT acquired 100% of the capital of Next Advanced Communications NAC Co., Ltd. (NAC), a Japanese information technology services company; at the same time, it opened new branches in foreign markets.

Sharing the difficulties of some Vietnamese investment projects in Southern Laos, on September 7-8, Minister of Planning and Investment Nguyen Chi Dung, Chairman of the Vietnam-Laos Cooperation Committee and the working delegation went through La Lay border gate (Quang Tri) to visit the Kaleum coal mine of the Phonesack Joint Venture and the proposed site of the Kaleum Thermal Power Plant of the Vietnam Oil and Gas Group in Xekong province. The location of the two projects is about 120 km from the Vietnam border.

These are projects expected to have the participation of Vietnamese enterprises. The Minister and the working delegation listened to representatives of enterprises present the projects, some problems and difficulties.

Minister Nguyen Chi Dung said that the Ministry will work with relevant ministries, branches and agencies of Vietnam to create the best conditions and remove difficulties for businesses to implement projects. The Minister also asked Laos to support and remove difficulties for projects...

As of August 2024, Vietnam had 1,757 valid overseas investment projects with a total Vietnamese investment capital of nearly 22.26 billion USD. Vietnam's overseas investment is mostly concentrated in the mining sector (31.6%); agriculture, forestry, and fisheries (15.5%). The localities receiving the most Vietnamese investment are Laos (24.7%); Cambodia (13.2%), respectively.

Source: https://baoquocte.vn/8-thang-dau-nam-2024-dau-tu-cua-doanh-nghiep-viet-nam-vao-ha-lan-chiem-hon-37-tong-von-286368.html