Vietnam invests 432 million USD abroad in 2018
Vietnam’s total outbound investment in 2018 was estimated at 432 million USD, according to the General Statistics Office.
Illustrative photo (Source: vneconomy.vn) Hanoi (VNA) - Vietnam’s total outbound investment in 2018 was estimated at 432 million USD, according to the General Statistics Office.
Among the figure, 376.2 million USD was poured into 149 new projects, while the remaining 56 million USD was pledged to existing projects.
A breakdown of sectors shows that the banking and financial sector received the largest share of Vietnamese investment with 105.8 million USD, equivalent to 24.5 percent of the total investment, followed by 82.9 million USD in retail, wholesale and vehicle repair.
The agricultural sector received 52.3 million USD (12.1 percent) and manufacturing 52.1 million USD (12 percent).
Among the 38 countries and territories where Vietnamese investors are present, Laos was the largest recipient with 81.5 million USD, followed by Australia and the United States, which received 55.5 million USD and 53 million USD, respectively.-VNA
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