Vietnam invests US$357.5 million abroad in first 11 months

Wednesday, 2018-11-28 13:18:37
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Military-run telecommunications company Viettel Group is one of the leading telecommunications businesses in Laos
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NDO - Vietnam's total investment abroad was reported at US$357.5 million in the first 11 months of this year, including both newly registered and supplemented capital, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

As many as 125 new projects were licensed to invest abroad in the January-November period, with total registered capital of US$303.5 million from the Vietnamese side. During the 11-month period, 30 existing projects registered to increase capital by US$54 million.

The finance and banking sector posted the largest investment abroad at US$105.7 million, accounting for 29.5% of Vietnam's total investment abroad.

The agricultural, forestry and aquatic sector came in second with total investment of US$68.4 million, making up 19.1% of the total investment. It was followed by the manufacturing and processing industry at US$50.9 million, accounting for 14.2% of Vietnam's total investment abroad.

In the January - November period, Vietnam has poured investment into 35 countries and territories across the world, with the largest investment in Laos at US$97.6 million, accounting for 27.3% of the total overseas investment.

Australia was the runner-up which attracted US$52.7 million from Vietnamese investors, occupying 14.7% of the total Vietnam's investment. Slovakia came in third with an investment project worth US$35.9 million, making up 10% of Vietnam's overseas investment. It was followed by Cuba and the ASEAN countries of Cambodia and Myanmar.