Vietnam pours 136 million USD to projects abroad in five months

Hanoi - Vietnamese enterprises pumped more than 136 million USD of total investment into new projects and to supplement capital in ventures abroad in the first five months, equivalent to 43 per cent of the figure seen in the same period last year.

From January to May, Vietnamese enterprises made outbound investments in 16 sectors, mostly focusing on mining, accounting for 43.1 per cent of the total capital, followed by manufacturing and processing industry (23.9 per cent); and trading and retail (8.3 per cent).

Sixteen countries and territories received Vietnamese investment during the period. Of them, the Netherlands took the lead, accounting for 40.1 per cent. Laos came second, holding 36.8 per cent, followed by the US and New Zealand.

As of May 20, Vietnam had 1,733 operational projects abroad with a total investment of over 22.25 billion USD.

The majority of its overseas investments came towards to mining sector, 31.6 per cent, and the agro-forestry-fishery sector, 15.6 per cent.

Countries with the largest investment from Vietnam were Laos (24.8 per cent), Cambodia (13.1 per cent) and Venezuela (8.2 per cent).

Registration for the protection of intellectual property rights of Vietnamese enterprises abroad is on the rise, contributing significantly to the process of entering foreign markets as well as promoting products.

Vietnam sent more than 35,900 labourers to work abroad under contracts in the first quarter of 2024, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA).