Vietnam’s overseas investment totals 280 mln in 7 months

Vietnamese businesses have invested more than US$279.6 million in projects abroad during the first seven months of 2018, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

vietnam’s overseas investment totals 280 mln in 7 months hinh 0

Of the figure, US$238.33 million landed in 81 new projects while the remainder was pumped into 21 existing ones.

In the reviewed period, finance and banking caught the most interest from the Vietnamese investors, accounting for 37.8% of their total investments, or US$105.77 million.

Enterprises from Vietnam have invested in 32 countries and territories from January to July. Among them, Laos lured the biggest share of the investment, with US$84 million, representing 30% of the total. It was followed by Australia with US$37.1 million, or 13.3%.

Meanwhile, Vietnam’s foreign direct investment (FDI) soared 4.6% year on year to US$22.94 billion in the first seven months of this year. Of the amount, fresh approvals increased 2.2% to US$13.2 billion while investors added US$4.95 billion to existing projects, equivalent to 84.2% of the same period last year.

Foreign investors injected their capital into 17 sectors and areas. Manufacturing and processing continued to be the most appealing sector by attracting US$9.63 billion from January to July, accounting for 41.95% of the total FDI. The real estate trading came second with US$5.6 billion (24.4%), followed by retail and wholesale with US$1.69 billion (7.4%).

Japan remained the leader among foreign investors by pouring US$6.88 billion into Vietnam during the period. The Republic of Korea followed closely with US$5.46 billion, while Singapore came next with US$2.73 billion.

According to the FIA, foreign investors were present in 59 cities and provinces. Of them, the capital lured the largest share with US$6.17 billion. Ho Chi Minh City and the southern province of Ba Ria-Vung Tau were runners-up with US$4.12 billion and US$2.15 billion.

VNA

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