Vietnam has invested over 815 million USD in hydropower and mining projects in Laos’s Attapeu province, the Vientiane Times reported on June 9.

Vietnamese enterprises poured over US$293 million into their new projects abroad over the past five months, double the investment made in the same period last year, according to statistics of the Ministry of Planning and Investment.

The Foreign Investment Agency (Ministry of Planning and Investment) said that in the first three months of 2022, the total newly and adjusted overseas investment capital of Vietnam reached US$211.45 million, equivalent to nearly 37% of the same period of last year.

By the end of 2021, overseas Vietnamese in 29 countries and territories had invested in 376 projects in Vietnam with a total investment of US$1.72 billion.

Doan Van Hieu Em - CEO of two tech retail chains The Gioi Di Dong (Mobile World) and Dien May Xanh – told VietNamNet that the Mobile World will open a new retail chain in Indonesia this year.

Laos has been the largest recipient of Vietnam's overseas investment so far, with 209 projects totalling 5.1 billion USD in registered capital, Minister of Planning and Investment Nguyen Chi Dung has said.

The Military Commercial Joint Stock Bank (MB) and Shinsei Bank on December 2, 2021 signed an agreement on the establishment of a commercial joint venture bank in Cambodia.

Vietnamese overseas investment during the past 10 months of the year surged by 35.1% to reach US$646 million compared to the same period from last year, according to figures recently released by the General Statistics Office (GSO).

Vietnamese overseas investment during the opening nine months of the year surged by 32.4% on-year to reach US$572.3 million, according to the Ministry of Planning and Investment.

Vietnam’s overseas investment totalled US$570.1 million in the first seven months of 2021, a 2.3-fold increase from the same period last year, data from the Ministry of Industry and Trade’s Foreign Investment Agency (FIA) showed.

Vietnamese investments overseas soared 125.4 percent year-on-year to 570 million USD in the first seven months of 2021, the General Statistics Office (GSO) announced on July 29.

Vietnamese investors poured a total of US$21.81 billion into 1,420 valid projects abroad during the opening five months of the year, according to the Ministry of Planning and Investment.

According to the Ministry of Planning and Investment, in the first four months of 2021, Vietnamese companies have shown their interest in outward investment in 10 sectors.

While COVID-19 ddversities are making some firms more prudent, but there are firms that do not hesitate in finding ways to tap into the global market potential.

Following success in the domestic market, many Vietnamese businesspeople are seeking profits from outward investment projects.

Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved.

Currently, there is a movement of foreign direct investment (FDI) capital flow from China to other countries, especially in the ASEAN  region.

Vietnam is generally regarded as having great prospects to seize overseas investment flows moving away from China.

Vietnam invested $49.3 million abroad in the first three months of 2020, with the US being the biggest recipient.

Domestic businesses have invested approximately US$431.7 million abroad during the first nine months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.