Vietnamese firms double overseas investment in seven months

VGP – Viet Nam invested US$570.1 million overseas over the last seven months, 2.3 times higher than the same period last year, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

August 17, 2021 3:07 PM GMT+7

Of the total figure, Vietnamese investors poured US$145.3 million in 28 new projects, a year-on-year decrease of 29.6 in terms of investment capital; and added US$424.8 million to 11 projects, up 9.1 times against the same period last year.

Among 12 sectors attracting Viet Nam’s investment, science and technology took the lead with US$270.8 million, accounting for 47.5 percent, followed by retail sales, car repair and maintenance, agriculture, forestry and aquaculture.

The U.S. was Viet Nam’s largest outward investment destinations among 18 countries and territories, with US$302.8 million, making up 53.1 percent. It was followed by Cambodia, Laos, France, Germany and the Netherlands.

By Thuy Dung