Their numerous investment projects largely focus on mining and agro-forestry-fisheries sectors, with Laos, Cambodia, and Russia emerging as the top destinations for Vietnamese capital, making up the lion’s share with 23.7%, 13.1%, and 12.9%, respectively.

Total newly and additional investment capital abroad during the reviewed period reached US$546.7 million, a three-fold increase in comparison to the same period from last year.

Of the total, there were 21 projects which received investment certificates with a total registered capital of US$143.5 million, equivalent to 88.7% of the figure recorded during the same period last year.

Furthermore, local financiers adjusted investment capital for nine projects, with combined additional investment capital reaching US$403.2 million, representing an annual rise of 21.4 times.

A major part of the capital outflow, approximately US$271 million, was poured into the science and technology sector, followed by the wholesale and retail sector, the agro-forestry-fisheries sector and support services.

A total of 15 countries received investment from Vietnam during the first five months. The United States took the lead with US$302.8 million, trailed by Cambodia with US$89.1 million, Canada with US$32.08 million, and France with over US$32 million.

Source: VNA

Landscape of outbound Vietnamese investment ventures

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.

Vietnamese enterprises invest approximately US$21 billion abroad

Last year saw local businesses pour a figure of US$21 billion into more than 1,300 projects in foreign countries, with profits transferred home reaching roughly US$3 billion, according to the Ministry of Planning and Investment.