Vietnamese overseas investment soars by 35.1% over 10 months

VOV.VN - Vietnamese overseas investment during the past 10 months of the year surged by 35.1% to reach US$646 million compared to the same period from last year, according to figures recently released by the General Statistics Office (GSO).

A total of 48 new projects received investment certificates with a total registered capital of US$218.3 million.

In addition, an additional US$427.7 million was pumped into 18 existing projects, representing a 2.6-fold rise year on year.

The United States remained as the top destination for Vietnamese capital throughout the reviewed period with nearly US$305.3 million, followed by Cambodia with roughly US$89.4 million, Israel US$66.6 million, and Laos over US$47.8 million.

The majority of the capital outflow was poured into science and technology, accounting for 41.9% of the total, trailed by the wholesale and retail, agro-forestry and fisheries, and manufacturing and processing industries.

As of October 20, Vietnam had had 1,435 valid overseas investment projects with a total investment capital of approximately US$21.9 billion.

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