ICT enterprises invest over US$114 million abroad in 8 months

September 13, 2023 | 07:05 am GMT+7

Vietnamese businesses invested abroad in 14 areas in January-August 2023. The information and communications (ICT) industry ranked second with more than $114.32 million.


According to the Foreign Investment Department under the Ministry of Planning and Investment, in the first eight months of 2023, Vietnam's total newly and adjusted investment capital abroad reached nearly $416.34 million, an increase of 5.2% compared with the same period in 2022.

There were 79 newly-registered projects, with a total registered capital of nearly $244.37 million, equal to 70.8% over the same period of last year. There were 18 adjusted projects with total investment capital increased by over $171.96 million - 3.38 times higher year on year.

Vietnamese investors invested in 14 industries and fields overseas. Wholesale and retail ranked first with 23 new projects and six projects with adjusted capital, totaling nearly $150.28 million in registered investment capital, accounting for 36.1% of total registered capital. 

The ICT industry ranked second with more than $114.32 million, accounting for 27.5%, followed by electricity production and distribution, agriculture, forestry and fisheries, and banking and finance.

Vietnamese companies invested in 23 countries and territories during this period.

Canada ranked first with a total registered capital of over $150.2 million, accounting for 36.1% of the total investment capital, followed by Singapore, Laos, and Cuba.

As of August 20, 2023, Vietnam had 1,665 valid overseas investment projects with a total investment capital of nearly $22.1 billion.

Of these, there were 141 projects of state-owned enterprises, with a total investment capital of nearly $11.67 billion, accounting for 52.8% of the total investment capital.

Vietnam's investment abroad focuses most on the mining industry, with 31.5%, and agriculture, forestry and fisheries with 15.5%.

The top markets of Vietnam’s investment are Laos (24.7%), Cambodia (13.3%), and Venezuela (8.3%).