Vietnam's overseas investments see H1 surge

Update: 20:39 | 11/07/2020

The value of overseas investments by Vietnamese enterprises reached $222.67 million in the first six months of this year, up 11.4 percent year-on-year.

Ten new overseas investment projects were licensed in June. The total of new and additional overseas investment capital for the month reached $42 million, 2.5 times higher than the same month last year, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA).

Vietnam, overseas investments, H1 surge, Vietnamese enterprises, new overseas investment,  investment destination, total registered capital

An oil and gas exploration and extraction project of PetroVietnam in Peru.

In H1, $185.3 million went into 70 newly licensed projects, and $37.4 million went toward supplementing investment in 14 existing projects.

Germany was the largest overseas investment destination for Vietnamese enterprises in the first six months of this year with a total of four projects with registered capital of $92.6 million, accounting for 41.6 percent of total overseas investment capital, followed by Myanmar, Laos, the U.S. and Singapore.

Vietnamese firms invested in 14 sectors overseas in the period. Among these, the processing and manufacturing industry ranked first with a total registered capital of $137.9 million, followed by wholesale and retail sector, accommodation and catering services.

Vietnamese firms’ overseas investment in 2019 is estimated at $508 million.

‘Hanoi 2020 – Investment and Development Cooperation’ to be held on June 27
The annual conference entitled ‘Hanoi 2020 – Investment and Development Cooperation’ is scheduled to take place at the National Convention Centre on June 27 with the aim of attracting both foreign and domestic investment to the capital city.
 
Drastic measures in site work conducted in Bac Giang province to create land source attracting new investment wage
(BGO) – The Chairman of Bac Giang provincial People’s Committee Duong Van Thai on May 28 chaired May regular meeting with chairmen of the People’s Committee in the districts and city, directors of the departments and organizations about the socio-economic growth, site clearance and compensation for key projects...
 
Bac Giang attracts investment of 625 million USD
(BGO) – According to the Department of Planning and Investment, Bac Giang province has attracted total investment of 229 million USD since early May, up 20.5 percent comparing to the same period last year.  
 
Public investment from the State budget should focus on disadvantaged areas
The National Assembly (NA)’s Committee for Finance and Budget proposed prioritising public investment sourced from the State budget in the 2021-25 period to disadvantaged areas in the mountainous, border and island localities to shorten development gaps between regions.
 
Bac Giang focuses on measures to improve business and investment environment
(BGO) – Bac Giang province should focus on urgently and actively implementing policies and packages to support businesses according to the Government's Resolution No.42, continue to firmly grasp the situation, and promptly perform tasks to remove difficulties for businesses.
 

Source: VnExpress

 
Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: