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Vietnamese firms invest 278 million$ abroad

By DA NANG Today / DA NANG Today
August 04, 2019, 13:37 [GMT+7]

Vietnamese enterprises poured 278 million US$ in 30 countries and territories in the first 7 months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency said in its latest report.

People in Timor-Leste register for Viettel’s 4G SIM card. Photo enternews.vn Read more at http://vietnamnews.vn/economy/523554/vietnamese-firms-invest-278-million-abroad.html#C7CbqvlLCJXp0JQ1.99
People in Timor-Leste register for Viettel’s 4G SIM card. Photo enternews.vn

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$, accounting for 22%  of the total investment. It was followed by the US with 46 million$, or 16.5% of the capital.

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

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% of total capital. The science and technology sector came next with 83.4 million$ or 30% while the banking sector ranked third with 37 million$ or 13.5%.

(Source: VNS)

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