Vietnamese businesses invest 277.4 million USD abroad
Vietnamese enterprises invested 277.4 million USD in 30 countries and territories in the first seven months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) said in its latest report.
People in Timor-Leste register for Viettel’s 4G SIM card. (Photo: enternews.vn)Hanoi (VNA) - Vietnamese enterprises invested 277.4 million USD in 30 countries and territories in the first seven months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) said in its latest report.
During the period, the firms received investment licences for 90 new projects worth 180.1 million USD. They were also allowed to raise their investment in 21 underway projects by 97.3 million USD.
Spain attracted the largest share of Vietnamese investment in the seven months with 59.8 million USD, accounting for 22 percent of the total investment. It was followed by the US with 45.7 million USD, or 16.5 percent of the capital.
Other markets receiving Vietnamese investments were Australia with 45 million USD, Cambodia with 39 million USD and Singapore with 35 million USD.
In the reviewed period, the retail sector was the most attractive sector for Vietnamese businesses overseas markets, luring 94.3 million USD or equivalent to 34 percent of total capital. The science and technology sector came next with 83.4 million USD or 30 percent while the banking sector ranked third with 37 million USD or 13.5 percent.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
