Vietnamese firms invest nearly US$200 million abroad

Friday, 2019-06-28 22:34:40
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A customer register for services with Mytel - Viettel’s brand in Myanmar. (Photo: qdnd.vn)
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NDO/VNA – Vietnamese businesses poured nearly US$200 million into 90 projects abroad in the first half of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Of the total, more than US$100 million came from 71 newly-licensed projects while the remainder came from 19 others which raised their capital by US$96 million.

Most of the overseas investment focused on science and technology at US$82 million, equivalent to 41% of the total. It was followed by information and telecommunication with US$32 million, equivalent to 16% of the investment.

Vietnamese firms invested in 29 countries and territories in the period. Spain lured the lion's share of investments with US$59.8 million, just under a third of the total.

The US came next with US$45 million or 19%. Other destinations for Vietnamese investments were Australia, Malaysia, South Africa and Canada.

Last year, Vietnam’s investment overseas reached US$432.1 million. Among 38 countries and territories receiving Vietnamese investments, Laos led with US$81.5 million, followed by Australia and the US.