More than $263 million invested abroad in first six months

03-Jul-2018 Intellasia | VNA | 6:02 AM Print This Post

Vietnamese firms invested $222.48 million in 67 newly-licensed projects abroad in the first six months of 2018, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

The enterprises also poured an additional $40.6 million into 14 underway projects, pushing total investment abroad in the first half of the year to $263.08 million.

Finance-banking was the most attractive sector for Vietnamese businesses in the period, which drew $106.17 million, accounting for 40 percent of the total.

The sector was followed by agriculture, forestry, aquaculture, processing and manufacturing industries.

According to the general Statistical Office (GSO), in the first five months of 2018, Vietnamese enterprises invested nearly $184.7 million in overseas projects.

From January to May, Vietnamese businesses invested in 24 countries and territories. Among them, Laos lured the lion’s share of investments with 43.4 percent of total funds, the GSO said.

Apart from traditional markets such as Laos, Cambodia and Myanmar, Vietnamese businesses are expanding to markets like Australia, New Zealand, the US, Canada, Haiti and Cameroon.

Cuba emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia. million-invested-abroad-in-first-six-months-378008.vov


Category: Economy, Vietnam

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