Vietnamese firms invest $278 million abroad

Saturday, Aug 03, 2019 08:30

People in Timor-Leste register for Viettel’s 4G SIM card. — Photo
Vietnamese enterprises poured US$278 million in 30 countries and territories in the first seven months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency said in its latest report.

During the period, the firms received investment licences for 90 new projects worth $180 million. They were also allowed to raise their investments in 21 underway projects by $97.3 million.

Spain attracted the largest share of Vietnamese investments in the seven months with $60 million, accounting for 22 per cent of the total investment. It was followed by the US with $46 million, or 16.5 per cent of the capital.

Other markets receiving Vietnamese investments were Australia with $45 million, Cambodia with $39 million and Singapore with $35 million.

From January to June, the retail sector was the most attractive sector for Vietnamese businesses in overseas countries, luring $94.3 million or equivalent to 34 per cent of total capital. The science and technology sector came next with $83.4 million or 30 per cent while the banking sector ranked third with $37 million or 13.5 per cent.— VNS

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