Vietnam’s overseas investment expands to $20b

A facility of FPT Corporation.

Vietnam had 962 investment projects in other countries, worth $15 billion in registered capital, by the end of April. This was disclosed by the nation’s Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, which further added that about 100 of these projects had submitted for a capital increases by a combined value of $5 billion.

The largest markets for Vietnamese projects abroad are its two neighbours in Indochina – Laos and Cambodia. While Laos attracted 259 Vietnamese projects worth $3.9 billion, accounting for around 27 per cent of the total, the figures for the Cambodian market were 171 projects worth $3.2 billion, which accounted for nearly 20 per cent of the total investments made abroad.

In addition, Vietnamese corporates have also expanded outside of ASEAN, to nations like Russia, Venezuela and Peru, which had 26 projects from Vietnam with a combined capital of over $4 billion.

“The overseas investment trend did not simply include traditional markets, but has stretched to many other countries,” the FIA said in its report, adding that a large part of investment flows came to the US, Algeria, Malaysia and Myanmar.

In terms of sector, Vietnamese firms mostly favoured minerals (111 projects, $5.1 billion), followed by agriculture, forestry and fisheries (125 projects, $2.7 billion). “These are the areas where Vietnam has its own strengths. However, the country has also increased its investment in telecommunications, power generation, real estate and financial services,” the FIA stated.

The agency commented that the investment scene has been more diversified. Along with state-owned companies, the private sector has been more active in looking for growth opportunities in foreign markets. Last year, investment by private enterprises accounted for 88.5 per cent of the entire quantity. These included the leading tech firm FPT Corporation, anti-virus software and smart device developer BKAV, steelmaker Hoa Sen Group and latex furniture maker Kym Dan.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.