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Vietnam’s overseas investment totals 280 mln USD in 7 months

Vietnamese businesses have invested more than 279.6 million USD in projects abroad during the first seven months of 2018, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
Vietnam’s overseas investment totals 280 mln USD in 7 months ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – Vietnamese businesses haveinvested more than 279.6 million USD in projects abroad during the first sevenmonths of 2018, according to the Ministry of Planning and Investment’s ForeignInvestment Agency (FIA).

Of the figure, 238.33 million USD landed in 81 newprojects while the remainder was pumped into 21 existing ones.

In the reviewed period, finance and banking caught themost interest from the Vietnamese investors, accounting for 37.8 percent oftheir total investments, or 105.77 million USD.

Enterprises from Vietnam have invested in 32 countriesand territories from January to July. Among them, Laos lured the biggest shareof the investment, with 84 million USD, representing 30 percent of the total.It was followed by Australia with 37.1 million USD, or 13.3 percent.

Meanwhile, Vietnam’s foreign direct investment (FDI)soared 4.6 percent year on year to 22.94 billion USD in the first seven monthsof this year. Of the amount, fresh approvals increased 2.2 percent to 13.2billion USD while investors added 4.95 billion USD to existing projects, equivalentto 84.2 percent of the same period last year.

Foreign investors injected their capital into 17 sectorsand areas. Manufacturing and processing continued to be the most appealingsector by attracting 9.63 billion USD from January to July, accounting for41.95 percent of the total FDI. The real estate trading came second with 5.6billion USD (24.4 percent), followed by retail and wholesale with 1.69 billionUSD (7.4 percent).

Japan remained the leader among foreign investors by pouring 6.88 billion USDinto Vietnam during the period. The Republic of Korea followed closely with5.46 billion USD, while Singapore came next with 2.73 billion USD.

According to the FIA, foreign investors were present in 59 cities andprovinces. Of them, the capital lured the largest share with 6.17 billion USD.Ho Chi Minh City and the southern province of Ba Ria-Vung Tau were runners-upwith 4.12 billion USD and 2.15 billion USD.-VNA
VNA
#Overseas investment #projects abroad #first seven months of 2018 #Foreign Investment Agency #FIA #finance and banking #Vietnamese investors #FDI #foreign investment #Vietnam #Vietnam news #Vietnam News Agency #Vietnamplus #business #economy
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