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Vietnam’s overseas investments rise sharply in January-February

Vietnam’s outbound investments reached 115.1 million USD in the first two months of this year, 2.16 times higher than that the same period last year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
Vietnam’s overseas investments rise sharply in January-February ảnh 1Vietnam’s outbound investments reach 115.1 million USD in the first two months of this year, 2.16 times higher than that the same period last year. (Photo: VNA)
Hanoi (VNA) – Vietnam’s outbound investments reached 115.1 million USD inthe first two months of this year, 2.16 times higher than that the same period lastyear, according to the General Statistics Office (GSO) under the Ministry ofPlanning and Investment.

Of the sum, 109.4 million USD was poured into 10new projects, a 2.1-fold rise year-on-year. Meanwhile, four other projects increased their capital by nearly 5.7 million USD.

Notably, Vietnamese conglomerate MasanGroup’s subsidiary The Sherpa received a licence to place 105 million USD inSingapore-based tech firm Trust IQ Pte. Ltd. The project is part of Masan'sstrategic goal by 2025 to create a consumer - retail - technology ecosystem.

Vietnamese firms invested in 10sectors abroad, including information-communications, services, wholesale and retail,health care, processing and manufacturing.
Vietnam’s overseas investments rise sharply in January-February ảnh 2Illustrative image (Source: VNA)
Singapore was the biggest recipient ofthe investments, with a combined capital of 105.5 million USD poured into a newproject and another existing one. It was followed by Israel and Laos.

As of February 20, Vietnam counted1,617 valid overseas projects valued at more than 21.89 billion USD, with 141by State-invested firms worth some 11.67 billion USD, making up 53.3% of thetotal.

Laos, Cambodia and Venezuela lured themost Vietnamese investments, mainly in mining, and agriculture, forestry andfishery./.
VNA
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