Vietnamese investors channeled a huge part of their outbound investment in the first half of this year into the neighboring country of Laos, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment said.

In the first 6 months, the ministry licensed 47 overseas projects worth a total of US$155.4 million in 22 countries and territories, with the biggest share going to Laos, the FIA said in a report earlier this month.

Workers are seen at a construction site of a Vietnamese-invested apartment project in Myanmar. Tuoi Tre

Vietnamese investors pledged 4 new projects and adjusted capital for 2 existing ones in Laos, with a total investment of $53.9 million in the 6-month period, constituting nearly 35% of the total, according to the agency.

The U.S. was the second biggest destination for Vietnamese businesses to invest abroad, with 7 newly registered projects and one existing one, collectively worth $50.8 million, or 32.7% of the total figure.

Viet Nam’s investment in Germany accounted for 17% of the total, topping $26.5 million.

(Source: tuoitrenews)