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Vietnam invests 3.97 million USD abroad in January

The latest updates from the Foreign Investment Agency revealed that Vietnam invested 3.97 million USD abroad in January, more than three times higher than the same month last year.
Vietnam invests 3.97 million USD abroad in January ảnh 1Cambodian telecom firm Metfone, a subsidiary of Vietnam's mobile carrier Viettel Group. Telecommunications was among leading sectors for Vietnam's overseas investment. (Photo: phnompenhpost.com)

Hanoi (VNA) - The latest updates from the Foreign Investment Agency revealedthat Vietnaminvested 3.97 million USD abroad in January, more than three times higher than the samemonth last year.

Seven new projects weregranted investment licences, with total registered capital of 3.83 million USD and one raised its capital by nearly 140,000 USD.

Vietnam’s overseas investment in Januarymainly poured into retail and wholesale (accounting for 71.8 percent of thetotal registered capital), construction (3.4 percent), manufacturing andprocessing (3.7 percent), and telecommunications (3.4 percent).

Four countries receivedinvestment from Vietnamin January. Among them, the US was the leading destination with total investment of more than 3.53million USD,followed by Japan with an investment worth 182,400 USD, Cambodia with 150,000 USD and Republic of Korea with 100,000 USD.

In 2019, Vietnam invested a total of more than 508million USD in 32 countries and territories, of which 403 million USD was poured into 164 new projects and 29projects increased their capitals by a total of nearly 105 million USD.

The retail and wholesaleindustry was the leading sector for Vietnamese overseas investment with 121.6million USD in 2019.

Other attractive sectors wereagro-forestry-fishery and science and technology.

Australia was the topdestination for Vietnam’soverseas investment last year, followed by the US and Cambodia.

Since 1989, Vietnam had so far invested more than 22billion USD abroad,mainly in agro-forestry-fishery, energy and telecommunications sectors./.

VNA
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