Australia draws most capital from Vietnam from start of year

Tuesday, 03/12/2019 10:55
Australia absorbed the highest amount of capital from Vietnam with USD141.3 million, making up 30.8% of the country’s total overseas investment from January to September 2019.

Vietnamese companies boost overseas investment

Vietnamese overseas investment hits some USD200 million

Information technology among the most attractive sectors to Vietnamese investors. (Photo: VNA)


It was followed by the US, Spain and Cambodia.

In the 11 months, Vietnamese businesses invested USD458.8 million in 31 foreign markets, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Of this total, 148 new projects were licensed with USD353.8 million and 29 ongoing projects registered an additional USD105 million.

Retail and wholesale attracted the most capital from Vietnamese investors in the 11 months, accounting for 25.8% of the total.

Following it was agro-forestry-fisheries with a 14.3% share, and information technology with 13.1%, according to the agency./.

BTA

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