More than US$263 million invested abroad in first six months
Vietnamese firms invested US$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.
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Illustrative Image (Source: VNA)
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Finance-banking was the most attractive sector for Vietnamese businesses in the period, which drew US$106.17 million, accounting for 40% of the total.
The sector was followed by agriculture, forestry, aquaculture, processing and manufacturing industries.
According to the General Statistics Office (GSO), in the first five months of 2018, Vietnamese enterprises invested nearly US$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% 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.
