Vietnamese overseas investment hits nearly $200m

Thursday, Jun 27, 2019 14:08

Customers register for services with Mytel - Viettel’s brand in Myanmar. — Photo

Vietnamese firms poured nearly US$200 million into 90 projects abroad in the first half of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Of the total, more than $100 million came from 71 newly-licensed projects while the remainder came from 19 others which raised their capital by $96 million.

Most of the overseas investment focused on science and technology at $82 million, 41 per cent of the total. It was followed by information and telecommunication with $32 million, equivalent to 16 per cent of the investment.

Vietnamese firms invested in 29 countries and territories in the period. Spain lured the lion's share of investments with $59.8 million, just under a third of the total. The US came next with $45 million or 19 per cent. Other destinations for Vietnamese investments were Australia, Malaysia, South Africa and Canada.

Last year, Viet Nam’s investment overseas reached $432.1 million. Among 38 countries and territories receiving Vietnamese investments, Laos led with $81.5 million, followed by Australia and the US. — VNS

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