Vietnam invests over 211 million USD abroad in Q1

A cooperation agreement signed recently in Vientiane, Laos (Photo: https://doanhnghiephoinhap.vn/)

Hanoi (VNA) – Vietnam’s overseas investment reached over 211.45 million USD in the first quarterof 2022, equivalent to nearly 37 percent of that reported in the same periodlast year, according to the Ministry of Planning and Investment.

The amount included 180.2 million USD poured into 24 new projects, up 28.5percent year-on-year and 31.23 million USD added to three existing ones,equal to 7.2 percent of the figure in the same period last year.

Vietnamese businesses invested in eight fields, including processing and manufacturing, mining, finance and banking, wholesale, retail, and information and communications.

Vietnamese investments were channeled into 12 countries and territories duringthe reviewed period. Laos was the largest recipient of Vietnamese investment in January-March,with 64.33 million USD, making up 30.4 percent of the total. It was followed bythe US, which attracted 34.54 million USD from Vietnam, accounting for 16.3percent of the amount.

As of March 20, Vietnam had 1,539 valid investment projects overseas totaling nearly21.43 billion USD./.

VNA