Vietnam invested heavily abroad in the first quarter, Laos leading in 12 countries and territories receiving investment from Vietnam with 64.3 million USD.
According to the General Statistics Office , Vietnam’s investment abroad in the first three months of 2022 has 24 projects newly granted investment certificates with a total capital of 180.2 million USD from the Vietnamese side, an increase of 28. 5% over the same period last year; There were 3 times of projects capital adjustment increased by 31.2 million USD, down 92.8%.
There are 12 countries and territories receiving investment from Vietnam, of which Laos is the leading country with 64.3 million USD, accounting for 30.4% of the total registered capital; US 34.5 million, accounting for 16.3%; Canada $ 34 million, accounting for 16.1%; Singapore 29.9 million USD, accounting for 14.1%; Indonesia 22.7 million USD, accounting for 10.8%.
In general, Vietnam’s total investment abroad (newly and adjusted capital) reached 211.5 million USD, down 63% over the same period last year.
According to the Foreign Investment Agency, in the first quarter of the year, newly issued outward investment capital increased sharply because there were two new large projects that were granted investment registration certificates. Those are the projects of Vines Energy Solutions Joint Stock Company investing in the US and Canada.
Meanwhile, adjusted investment capital decreased sharply because in the 3 months of 2021 there were many large projects adjusted to increase capital. For example, Vingroup’s project in the US is adjusted to increase by 300 million USD; a project of Indochina Rubber Development and Investment Company Limited in Cambodia increased by 76 million USD and a project of Vinfast in Germany increased by 32 million USD.
These 3 projects alone accounted for 94.5% of the total adjusted capital of the 3 months of 2021.
Also according to data from the Foreign Investment Agency, in the past 3 months, Vietnamese investors have invested abroad in 8 industries; in which, the processing and manufacturing industry leads with 5 new investment projects , total investment capital is 96.75 million USD, accounting for nearly 45.8% of total investment capital.
Mining industry ranked second with 01 new investment project, total investment capital of 33.5 million USD, accounting for 14.6%; followed by financial, banking and insurance activities with USD 30.8 million, accounting for 14.6%; the remaining industries reached 50.4 million USD, accounting for 23.8%.
Among the countries that receive a lot of investment from Vietnam, it is worth noting the US when the amount of investment capital of Vietnam in this country is increasing rapidly. Specifically, in the first January of this year, Vietnam invested in the US with a total investment capital of 2.9 million USD. In the first 2 months of 2022, the total capital invested by Vietnam in the US reached 2.9 million USD and in the first 3 months of the year increased rapidly to 34.5 million USD.
One of Vietnam’s large-scale projects abroad is the project to build an electric vehicle and battery factory of VinFast in North Carolina, USA. The project has an investment of up to 2 billion USD in phase 1 and will create thousands of jobs for local workers.
Phase 1 of this project will be started in 2022, right after receiving the construction permit, expected to operate in July 2024. The capacity of phase 1 is expected to reach 150,000 vehicles per year.
As for Laos, Minister of Planning and Investment Nguyen Chi Dung said that over the past time, investment cooperation between Vietnam and Laos has grown continuously. Laos always ranks first among 78 countries and territories that Vietnam invests abroad .
A number of investment projects of Vietnamese enterprises in Laos have been effective and will continue to increase investment capital to expand in 2022 and the following years.
Currently, many projects have been put into stable and effective operation, contributing to socio-economic development, paying the budget, implementing social security work, creating jobs, training and developing jobs. improving the skills and qualifications of workers, improving the infrastructure in some localities… are recognized and highly appreciated by the Lao Government.
Notably, in 2021, a number of large and important projects have been focused on by the Lao side to remove difficulties and obstacles and create favorable conditions to speed up implementation, such as the Vung Ang port project. , Luang Prabang hydroelectricity, Xekaman 3, Kali salt mine, Noong-khang airport…
Also at the recent meeting of business representatives between the two countries, representatives of large enterprises of Vietnam and Laos affirmed the view of long-term and sustainable investment cooperation.
Lao businesses highly appreciate the two countries’ implementation of projects to promote connectivity between the two economies; in which, there are hard and soft infrastructure connections, especially road, railway and air traffic projects, seaports (especially Vung Ang and Ha Tinh ports); helping Laos successfully fulfill its goal of becoming a logistics center in the region and connecting to the sea and ocean.