Vietnam invests 664.8 million USD abroad in 2024

Vietnamese investors pumped nearly 664.8 million USD into 164 new projects and 26 existing ventures abroad in 2024, up 57.7% in value as compared to the previous year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

While this upward trend signals renewed confidence in foreign markets, the figures remain below pre-pandemic levels, primarily due to the absence of large-scale projects.

The investment landscape showed notable diversification across 16 sectors, with most of the capital injected into professional services and science-technology (30.2% of the total capital), manufacturing (21%), and power generation and distribution (14.2%).

Geographically, Vietnamese investments spread across 31 countries and territories, with Laos emerging as the top destination, capturing 28.8% of the total capital. Indonesia saw a dramatic surge in Vietnamese investment, securing 20.7% of the total capital and marking a 227-fold increase from the previous year. Meanwhile, India ranked third, attracting 13.5% of investments, representing a nearly 60-fold increase from 2023.

As of end-2024, Vietnam's cumulative overseas investment portfolio comprised 1,825 valid projects totaling over 22.59 billion USD. Over the past time, Vietnamese investors have maintained a strong presence in 18 out of 21 sectors, with significant capital landing in mining (7 billion USD or 31% of the total capital), agro-forestry-fishery industry (nearly 3.4 billion USD or 15%), and information and communications (more than 2.84 billion USD or 12.6%).

Countries with the largest investment from Vietnam include Laos (nearly 5.7 billion USD), Cambodia (nearly 2.94 billion USD), and Venezuela (nearly 1.83 billion USD).