Vietnam’s 2023 outbound investments dip 21.2% y-o-y

HCMC – Vietnam’s 2023 outbound investments totaled US$420.9 million, dropping 21.2% compared to the previous year, according to data from the General Statistics Office (GSO). While this represented a 33.7% fall over 2022, 25 projects underwent capital adjustments, resulting in a 1.3-fold increase and contributing an additional US$138.2 million to outbound investments. The wholesale and retail sector accounted for 37.3% of total investments, followed by information and communications with a 28.7% share. Canada topped the list, attracting US$150.3 million, equivalent to 35.7% of the total investment. Minister of Planning and Investment Nguyen Chi Dung emphasized the growing collaboration with Laos, noting continuous development in bilateral investments.