Vietnam’s Overseas Investment Reaches 36.9 Million USD in January

8:34:50 AM | 2/9/2022

Vietnam’s overseas investment in January, was estimated at 36.9 million USD, a nearly twelvefold increase from the same month last year, according to the General Statistics Office.

Illustrative image (Photo: VOV)

Detailed data showed Vietnam invested 44.2 million USD in 15 new projects, while reducing capital in two projects by 7.2 million USD in the first month of the new year.

The mining sector was the largest recipient of Vietnam’s foreign investment, with one project worth 35.54 million USD, followed by the finance and banking sector, with 9.19 million USD.

According to country and territory, Laos received the largest share of Vietnam’s investment, with 48.23 million USD. The US came second with 7.8 million USD, followed by China, the Republic of Korea and Japan.

As of January 20, Vietnam had invested over 20.9 billion USD in 1,463 overseas projects, concentrating in mining (32.4%) and agriculture, forestry and fishery (16%).

The largest recipients were Laos (accounting for 25% of Vietnam’s investment), Cambodia (13.6%) and Venezuela (8.7%).