Private companies’ outbound investment sees explosive growth

(VOV) - Vietnam private companies’ overseas financial investment in the 10 months leading up to November expanded by US$625 million, reports the Foreign Investment Department (FID) under the Ministry of Planning and Investment.

The FID welcomed the figures as positive for medium-term economic growth expectations saying most of it was placed into businesses located in Laos, Cambodia and the US.

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Of the figure, US$192.8 million was registered for deals that were in existence on January 1, 2015 while US$441.9 million was for new business ventures signed during the 10 month period.

Outward direct investment favoured mining, agri-forestry and aquaculture but also covered fields such as communications, electricity generation, real estate, finance, banking and insurance.