(MPI) - Vietnam’s overseas investment reached 664.8 million USD in 2024, up 57.7% year on year.

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Vietnamese businesses invested 164 new projects abroad and 26 projects saw capital adjustment in 2024 with a total capital of about 664.8 million USD, up 57.7% as compared to the previous year.

Vietnamese investors channeled capital into 16 sectors abroad, with professional activities, science and technology topping the list (accounting for 30.2% of total investment, while there were no projects in this industry last year). Followed were manufacturing and processing industry (or 21%, 8.7 times higher than the 2023 figure), electricity production and distribution (or 15.8%, up 12.1% year-on-year), and other sectors.

Among 31 countries and territories recording Vietnamese investments during the period, Laos took the top destination, generating 28.8% and up 62.2% year-on-year. Indonesia came next with 20.7% of the total capital, 227 times increase from the previous year; India ranked third with 13.5% of investments, 59.7 times higher from 2023.

By the end of 2024, Vietnam had 1,825 valid overseas investment projects with total capital exceeding 22.59 billion USD. Over the past time, Vietnamese investors have maintained a strong presence in 18 out of 21 industries, with capital concentrating on mining (7 billion USD or 31% of the total), agriculture, forestry and fishery (nearly 3.4 billion USD or 15%), and information and communications (more than 2.84 billion USD or 12.6%).

The biggest destinations from Vietnam were Laos (nearly 5.7 billion USD of 25.1%); Cambodia (about 2.94 billion USD, equalling 13%); and Venezuela (1.83 billion USD or 8.1%)./.

Bao Linh

Ministry of Planning and Investment