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Vietnam invests over 500 million USD abroad in 2019

Vietnam’s total investment abroad was estimated at 508.14 million USD in 2019, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Vietnam invests over 500 million USD abroad in 2019 ảnh 1Vietnam’s total investment abroad was estimated at 508.14 million USD in 2019. (Illustrative image. Source: VNA)

Hanoi (VNA) – Vietnam’s totalinvestment abroad was estimated at 508.14 million USD in 2019, according to theForeign Investment Agency under the Ministry of Planning and Investment.

The amount included 403.15 million USD worth ofnewly registered capital invested in 164 new projects and 105 million USD worthof additional capital poured into 29 existing projects.

Wholesale and retail led Vietnam’s investmentabroad with newly registered and additional capital of 121.6 million USD,making up 23.9 percent of the country’s total investment.

The agriculture, forestry and aquatic sectorranked second with 86.1 million USD, accounting for 16.9 percent of the totalinvestment abroad.

Vietnam has invested in 32 countries andterritories. Australia is the largest investment destination of Vietnam with 154.6million USD, occupying 30.4 percent of Vietnam’s total overseas investment.

The US came second with 26 projects worth 93.4 millionUSD, making up 18.4 percent of the total investment. It was followed byCambodia, Spain, Singapore and Canada./.
VNA
#investment abroad #Foreign Investment Agency under the Ministry of Planning and Investment #wholesale #retail #agriculture #forestry #aquatic sector #Vietnamplus #Vietnam News Agency
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