Vietnamese overseas investment hits USD150 million

Sunday, 28/04/2019 10:15
The Foreign Investment Agency said in the first four months of the year, Vietnamese firms invested nearly USD150 million in foreign markets.

Vietnam becomes Asia’s hottest investment destination: Forbes


Customers register for services of Unitel - a joint venture between Viettel Global Joint Stock Company of Viettel and Lao Asia Telecom of Laos. (Photo: baodautu.vn)

Of the investments, USD96 million was poured into 44 new projects while the remaining USD53.5 million was pledged to nine existing projects.

Vietnam’s outbound investment projects mainly focused on science and technology at USD81.7 million, accounting for 54.7 percent of the total.

The banking sector took second place with total investment of USD36 million, making up 24.1 percent. It was followed by the wholesale and retail sector with USD16.4 million, accounting for 11 percent of total investment.

Vietnamese firms invested into 23 countries and territories in the period. Spain lured the biggest amount of investment from them with a large scale project of USD59.8 million, accounting for 40 percent of the total.

Cambodia and Malaysia followed with USD37.9 million and USD14 million, respectively./.

 

CPV/VNA

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