Vietnamese enterprises invest approximately US$21 billion abroad
| |
Viettel International Investment Joint Stock Company - Viettel Global is one of the local firms running investment abroad (Photo:anninhthudo.vn) |
The Ministry of Planning and Investment stated that the retained earnings for reinvestment stood at roughly US$363 million. Most notably, last year saw retained profits for reinvestment reach over US$23.1 million, with businesses contributing roughly US$22 million as state financial obligations from overseas investments.
Along with the repatriated capital, local businesses have also been active in creating significant assets such as factories and manufacturing facilities worth several billions of dollars abroad.
Laos is the recipient of the most investment capital from Vietnamese enterprises at nearly US$5 billion in registered capital from 208 projects, followed by Russia at approximately US$2.8 billion, Cambodia at around US$2.7 billion, and Venezuela at about US$1.8 billion.
Related News
Risk prevention solutions for export processing and production enterprises
09:12 | 07/05/2024 Regulations
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Binh Duong Customs and Korean businesses solve difficulties and obstacles
15:03 | 28/04/2024 Customs
Why more than 100 Vietnamese means of transport detained in China?
08:21 | 01/05/2024 Customs
Latest News
Green production, trade will help wood industry increase export: Viforest
14:30 | 07/05/2024 Import-Export
Hanoi attracts over 1.1 billion USD in FDI in four months
14:28 | 07/05/2024 Import-Export
FDI flows strongly into manufacturing, real estate
14:26 | 07/05/2024 Import-Export
Maintaining recovery momentum amid uncertainties
09:09 | 07/05/2024 Import-Export
More News
Make use of the most of favorable factors for economic growth
15:38 | 06/05/2024 Import-Export
Textile and garment businesses face difficulties due to lack of domestic supply
15:36 | 06/05/2024 Import-Export
Vietnam leads in export rice prices globally
15:34 | 06/05/2024 Import-Export
Production ensures export of 7.4 million tons of rice this year
14:30 | 06/05/2024 Import-Export
More businesses to join Vietnam E-Pavilion
16:34 | 05/05/2024 Import-Export
Cooperatives urged to focus on branding to expand exports of organic tea
16:32 | 05/05/2024 Import-Export
Seafood enterprises encounter problems with specialized inspection
10:37 | 05/05/2024 Import-Export
Three groups of export commodities achieved billions of USD
10:36 | 05/05/2024 Import-Export
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Your care
Green production, trade will help wood industry increase export: Viforest
14:30 | 07/05/2024 Import-Export
Hanoi attracts over 1.1 billion USD in FDI in four months
14:28 | 07/05/2024 Import-Export
FDI flows strongly into manufacturing, real estate
14:26 | 07/05/2024 Import-Export
Maintaining recovery momentum amid uncertainties
09:09 | 07/05/2024 Import-Export
Make use of the most of favorable factors for economic growth
15:38 | 06/05/2024 Import-Export