Vietnam invests US$416.8 million abroad over nine-month period
VOV.VN - Vietnam's outbound investment reached US$416.8 million over the past nine months, a rise of 4.6% compared to the same period from last year, as reported by the Foreign Investment Agency under the Ministry of Planning and Investment.
Of the total figure, US$244.8 million was poured into 84 new projects, a drop of 29.5% from last year, while US$172 million was added to 18 projects currently underway, an annual increase of 3.4 times.
Vietnamese financiers abroad invested in 14 sectors. A major part of capital outflow was poured into the retail and wholesale sector with US$150.6 million, duly accounting for 36.1% of the total.
The information and communications sector came next with US$114.3 million, making up 27.4% of the total.
During the January to September period, local investment moved into 24 countries and territories, led by Canada with one new and one expanded project worth over US$150.2 million, this was followed by Singapore, Laos, and Cuba.
The agency said that as of September 20 the country had operated 1,667 valid projects abroad with a combined investment of nearly US$22.1 billion, including 141 by State-owned enterprises worth US$11.67 billion, making up 52.8% of the country’s total.
