Vietnamese firms invest 460 million USD abroad in 11 months
Vietnamese firms poured 460 million USD into 177 projects abroad in the first 11 months, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
Viettel Global is among firms successfully operating abroad. (Source: )
Hanoi (VNA) - Vietnamese firms poured 460 million USD into 177 projectsabroad in the first 11 months, reported the Foreign Investment Agency underthe Ministry of Planning and Investment.
Of thetotal, 148 new projects attracted 354 million USD worth of Vietnameseinvestment while the remainder came from 29 which raised their capital bynearly 105 million USD.
Most of theoverseas investment focused on wholesale and retail at 118 million USD, 26 percentof the total.
Agro-forestry-fisheryand science and technology were the runners-up with 66 million USD and60 million USD, respectively.
Vietnamesefirms invested in 31 countries and territories in the period. Australia luredthe lion's share of investments with 141.3 million USD, over a third of thetotal. The US came next with 93.4 million USD, or 21 percent.
Otherdestinations for Vietnamese investments included Spain, Cambodia, Singapore andCanada./.
As of August 15,2016, 1,125 Vietnamese project were granted licenses to invest abroad with a total registered capital of 20.38 billion USD, according to the Foreign Investment Agency.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel Global is among firms successfully operating abroad. (Source: ) 
