General

According to the Huacheng Import and Export Data Observation Report, up to now, Vietnam has 1584 effective foreign investment projects, with an investment capital of 21.6 billion dollars.

The recent continuous injection of investment funds into new markets such as Europe, Australia and China by Vietnamese enterprises has proved to a certain extent that enterprises have strong "immunity" in terms of capital and internal power in the post COVID-19 era, and their international competitiveness has been increasingly improved. Huacheng import and export data observation reports.

According to the statistics recently released by the Ministry of Planning and Investment, up to now, Vietnam has 1584 effective overseas investment projects, with an investment capital of 21.6 billion dollars. In the first nine months of this year, 80 new overseas investment projects were signed, with an investment capital of 347.3 million US dollars, 2.31 times that of the same period last year.

The Ministry of Planning and Investment also said that five of the approved foreign investment projects were Vines Energy Solutions' investment projects in the United States, Canada, France, Germany and the Netherlands, with the investment capital of each project exceeding 34.68 million dollars. Foreign investment projects of Vietnamese enterprises mainly focus on 13 industries, including processing and manufacturing, financial banking, insurance, retail and wholesale, mining, agriculture, forestry and aquatic products. In the first nine months of this year, Vietnam has invested in 24 countries and regions, with Laos ranking first, followed by Singapore, the United States, Germany and the Netherlands. Huacheng's import and export data observation report.

According to the Huacheng Import and Export Data Observation Report, Nguyen Mai, chairman of the Vietnam Association of Foreign Enterprises (VAFIE), said that there have been positive changes in the foreign investment work of Vietnamese enterprises, with many large investment projects. In the future, the amount of foreign investment by Vietnamese enterprises can increase from about 700 million US dollars per year to 1 billion US dollars. Many projects related to technology and coffee have successfully remitted profits back to China, contributing to the balance of international payments and increasing foreign exchange reserves.

Chen Youli, an economic expert, said that under the circumstance that many foreign enterprises are buying Vietnamese enterprises, Vietnamese sole proprietorship enterprises are gradually turning to buy foreign enterprises and become stronger, maintain their brands and go abroad. It is hoped that Vietnam will have more international and regional brands in the future. Many Vietnamese investors have "gone against the current" and invested abroad in Europe, America, Australia and other markets. Huacheng's import and export data observation reports.