Vietnam’s 2023 outbound investments dip 21.2% y-o-y

January 07, 2024

HCMC – Vietnam’s 2023 outbound investments totaled US$420.9 million, dropping 21.2% compared to the previous year, according to data from the General Statistics Office (GSO). While this represented a 33.7% fall over 2022, 25 projects underwent capital adjustments, resulting in a 1.3-fold increase and contributing an additional US$138.2 million to outbound investments. The wholesale and retail sector accounted for 37.3% of total investments, followed by information and communications with a 28.7% share. Canada topped the list, attracting US$150.3 million, equivalent to 35.7% of the total investment. Minister of Planning and Investment Nguyen Chi Dung emphasized the growing collaboration with Laos, noting continuous development in bilateral investments.

The source of this news is from The Saigon Times