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US attracts most Vietnamese investment in three months

Vietnam invested 49.3 million USD abroad in the first three months of 2020, with the US being the biggest recipient.
US attracts most Vietnamese investment in three months ảnh 1A transaction office of Vietcombank in Laos (Photo: Vietcombank)

Hanoi (VNA) – Vietnam invested 49.3 million USDabroad in the first three months of 2020, with the US being the biggest recipient.

During the period, the country securedinvestment certificates for 27 projects worth 22.9 million USD, while sixothers were permitted to add 26.4 million USD.

Accommodation and food services attracted 14.7million USD, accounting for 29.9 percent of the total investment by Vietnamesefirms. They were followed by scientific and technological activities (12million USD, 24.4 percent) and processing – manufacturing (9 million USD, 18.3percent).

The US was the top recipient of Vietnamesecapital in the first quarter with 20.1 million USD, or 40.8 percent of thetotal. Singapore ranked second with 12.8 million USD, accounting for 26percent, and Cambodia stood third with 9.5 million USD, making up 19.3 percent.

Meanwhile, Vietnam granted investment licensesto 758 new projects worth 5.5 billion USD between January and March, up nearly45 percent year on year, according to the Foreign InvestmentAgency under the Ministry of Planning and Investment.

More than 230 existing projects registered to adjust theircapital with an additional 1.07 billion USD in the January-March period,equivalent to 82 percent of the same period last year.

Meanwhile, the value of capital contributionsand shares purchased by foreign investors in the country reached almost 2billion USD, equivalent to 34.4 percent of the same time in 2019./.
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