Indirect investment hits nearly US$3 billion in last 12 months

Friday, 2016-07-29 16:58:44
 Font Size:     |        Print
 Font Size:     |  

NDO - Foreign investors have spent US$2.948 billion on portfolio investment in Vietnamese companies in the past 12 months, according to the Foreign Investment Agency.

In July of this year alone, foreign investment in the forms of capital contributions and share purchases totalled US$1.512 billion, with the largest proportion - US$350.1 million or 23.1% - poured into the property sector.

Retail and wholesale sectors came second and third with US$318.9 million and US$77.3 million respectively.

Other sectors receiving indirect foreign investment in July were air passenger transport and manufacturing of plastic products.

A breakdown of countries and territories shows that Singapore was the largest portfolio investor in July with US$488.4 million, followed by the Republic of Korea, which bought shares and contributed capital worth a total of US$231 million.

Indirect investment by Japan, Taiwan and China was US$157 million, US$130.8 million and US$65.8 million respectively.