Vietnamese outward investment surpasses US$ 119.5 million in Q1
VGP - Viet Nam’s outbound investment in Q1 totalled US$119.5 million, equivalent to 56.5 percent compared to the same period last year, according to the Foreign Investment Agency (FIA).
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Of the sum, US$113.3 million was poured into 21 new projects, while seven other projects were expanded by absorbing additional US$6.2 million of investment.
Vietnamese firms invested capital into 11 industries, of which information and communication took the lead with three new projects and one capital adjustment project with a total registered investment capital of more than US$105.4 million, or 88.2 percent of the total outbound investment.
The services industry ranked second, with one project increasing its capital by US$5 million, followed by wholesale and retail, healthcare, and manufacturing industries.
Among the 15 countries and territories receiving Vietnamese investment, Singapore was the largest recipient, followed by Israel, Cambodia, Australia, Thailand, and Laos.
As of March 20, Viet Nam has had 1,625 valid overseas investment projects capitalized at nearly US$21.9 billion.
Specifically, 141 state-owned projects valued US$11.67 billion, equivalent to 53.3 percent of total investment. Outward investment focused on mining sector (31.8 percent), agro-forestry-fishery sector (15.7 percent)./.
