Vietnamese investors pour nearly $439 million in overseas markets

September 03, 2019 | 09:53

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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 pour nearly 439 million in overseas markets

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).

By Kim Oanh

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