Vietnamese investors pour nearly $439 million in overseas markets
09:53 | 03/09/2019 Print Article
Between January and August, the total outbound Vietnamese investment hit nearly $439 million in newly-registered and added capital, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
|Vietnamese firms invested in 102 new projects in the first eight months of the year |
Approximately $339.5 million was poured into 102 newly-licensed projects while the remaining $99.5 million was injected into 23 projects already operating.
The wholesale and retail sector remains in the first position with $97 million, equaling 22 per cent of the total. The runners-up are the agro-forestry-fishery sector with $88.6 million, accounting for 20 per cent of the total, and science and technology with $84 million (19 per cent). Real estate come fouth with $72 million (16 per cent).
One of the outstanding projects is the 30-storey complex located in Canada worth $20 million invested by Pax International.
Among the 30 countries and territories where Vietnamese investors were active within the eight months of this year, Australia was the largest recipient with $179 million or 41 per cent of the total, mainly thanks to two large-scale agricultural and dairy farming projects of TH Group worth a total of $88.5 million. Besides, Dalat Milk JSC also invested $42 million in a juice and oil processing project in Australia. IMG Investment JSC and ADPG Investment Development JSC developed $38 million real estate projects.
Spain ranks second with $59.8 million or 14 per cent. Other destinations included the US ($49.3 million or 11.2 per cent), Cambodia ($38.5 million or 9 per cent), and Singapore ($35.6 million or 8 per cent).