Friday, March 1, 2024 12:49:10 AM - Markets open
VN-INDEX 1,252.73 -1.82/-0.15%
HNX-INDEX 235.46 +0.29/+0.12%
UPCOM-INDEX 90.63 +0.09/+0.10%
Vietnam’s overseas investments rise sharply in January-February
Vietnamplus - 3/6/2023 10:54:27 AM
 (0 ratings. You must sign in to rate.)
 Vietnam’s outbound investments reached 115.1 million USD in the first two months of this year, 2.16 times higher than that the same period last year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
Of the sum, 109.4 million USD was poured into 10 new projects, a 2.1-fold rise year-on-year. Meanwhile, four other projects increased their capital by nearly 5.7 million USD.
Notably, Vietnamese conglomerate Masan Group’s subsidiary The Sherpa received a licence to place 105 million USD in Singapore-based tech firm Trust IQ Pte. Ltd. The project is part of Masan's strategic goal by 2025 to create a consumer - retail - technology ecosystem.
Vietnamese firms invested in 10 sectors abroad, including information-communications, services, wholesale and retail, health care, processing and manufacturing.
Vietnam’s overseas investments rise sharply in January-February hinh anh 2
Illustrative image (Source: VNA)
Singapore was the biggest recipient of the investments, with a combined capital of 105.5 million USD poured into a new project and another existing one. It was followed by Israel and Laos.
As of February 20, Vietnam counted 1,617 valid overseas projects valued at more than 21.89 billion USD, with 141 by State-invested firms worth some 11.67 billion USD, making up 53.3% of the total.
Laos, Cambodia and Venezuela lured the most Vietnamese investments, mainly in mining, and agriculture, forestry and fishery./.
Read original article here
Newer News
29/02 FDI inflow increases by 38.6 per cent in two months
29/02 Auto market expected to make a breakthrough in H2
29/02 Exporters must actively engage and adapt to EU's CBAM
28/02 Falling rice price is only short-term, upward trend to continue: experts
26/02 VN looks to remain a strong competitor for global FDI
23/02 Petrol prices drop by over VNĐ300 per litre
23/02 Việt Nam is among the world’s top wealth growth in the next decade
21/02 Optimistic signs seen in exports of garment-textile sector
16/02 Construction industry strives to achieve sustainable, eco-friendly growth
16/02 Petrol prices rise by over VNĐ700 per litre
Older News
06/03 VN exports of shark catfish fall sharply
06/03 Economic institution reform key to breaking through middle-income trap: experts
06/03 Ministry of Industry and Trade calls for stable supply of coal
03/03 HCM City foreign investment surges by 43.1 per cent in first 2 months
01/03 February’s CPI up 0.45 per cent due to fuel and housing price hike
01/03 Fuel price in check despite mounting difficulties: Minister of Industry and Trade
25/02 Domestic airlines doing well but challenges ahead
23/02 Ministry calls on three energy giants to ensure national supply
16/02 Ministry of Transport calls for stronger oversight on construction projects
16/02 Rubber stocks to benefit from China re-opening
Newsletter Signup
Top Stories
Vietnamese stock market rapidly advancing towards global standards: Prime Minister
VN-Index fails to sustain upward momentum despite multiple attempts
Market remains upbeat on large-cap stocks
Central bank pushes others to boost lending from start of New Year
Domestic gold prices hit record-breaking VNĐ80 million per tael
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,252.73 -1.82/-0.15%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.