Viet Nam’s overseas investment totalled US$570.1 million in the first seven months of 2021, a 2.3-fold increase from the same period last year, data from the Ministry of Industry and Trade’s Foreign Investment Agency (FIA) showed, reflecting Vietnamese firms’ efforts...
Vietnamese firms poured US$546.7 million into overseas projects in the first five months of 2021, more than triple the figure of the same period last year.
Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved.
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.
During the reviewed period, finance banking caught the most interest from the Vietnamese investors, accounting for 70.2 per cent of their total investments, or $105 million.
The military-run telecom group, Viettel has targeted total revenue of nearly VND32 trillion (US$1.4 billion) from its overseas investment this year, posting 29 per cent year-on-year increase.