Vietnamese firms’ overseas investment surges in first four months

An electronic component production line (Photo: VNA)

Hanoi (VNA) – Vietnamesefirms invested 545.9 million USD in overseas projects in the first four monthsof 2021, a year-on-year rise of 7.9-fold, according to the Ministry of Planningand Investment.

There were 18 newprojects receiving investment certificates with total registered capital worth142.8 million USD, up 2.7-fold against the same period last year.

In addition, 403.2million USD was pumped into nine existing projects, surging 25.5-fold.

A major part of thecapital outflow - 270.8 million USD - was poured into science-technologyprojects, accounting for 19.6 percent of the total figure. Wholesale andretails followed with 147.8 million USD.

The US was the top destinationfor Vietnamese capital in the period with 302.3 million USD, holding a lion’sshare of 55.4 percent.

Cambodia came secondwith 89.1 million USD, followed by France, Canada, Germany and the Netherlands.

As of April 20,Vietnam had 1,417 valid overseas projects totaling 21.8 billion USD, mainly in the sectors ofmining (36 percent of total capital) and agro-forestry-fisheries./.

VNA