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Vietnam’s overseas investment reaches nearly 150.7 million USD in seven months

Vietnam’s overseas investment approximated 150.7 million USD in the first seven months of 2024, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)

Hanoi (VNA) – Vietnam’s overseas investment approximated 150.7 million USD in the first seven months of 2024, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The amount was channeled in 64 new projects and added to 15 existing ones.

Vietnamese investors poured money into 12 sectors abroad during the reviewed period. The mining sector topped the list, accounting for 38.9% of the total, followed by processing-manufacturing (19.2%) and the wholesale and retail sector (16.4%), statistics showed.

Among the 23 countries and territories recording Vietnamese investments during the period, the Netherlands took the lead with 36.2%. It was followed by Laos (24.3%), US (12.4%), and Cambodia (8.2%).

As of July 20, Vietnam had 1,750 valid overseas investment projects with combined capital of nearly 22.27 billion USD, the majority of which, 31.6%, operated in the mining industry and 15.5% in the agro-forestry-fishery sector.

Laos was the largest recipient of Vietnamese investment with 24.7%. Cambodia ranked second and Venezuela came third with 13.1% and 8.3%, respectively, according to the FIA./.

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#overseas investment #Vietnamese investors #Foreign Investment Agency
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