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Vietnam Today

11M overseas investment at $303.5 mn

Released at: 17:01, 27/11/2018

11M overseas investment at $303.5 mn

Photo: VET Magazine

125 projects of Vietnamese enterprises granted investment licenses overseas in the first 11 months of 2018.

by Phi Linh

Vietnamese companies had 125 newly-invested projects overseas in the first eleven months of 2018, with total capital of $303.5 million, according to the latest report from the Ministry of Planning and Investment (MPI) released on November 26.

Thirty existing projects also added capital, totaling $54 million. New and additional capital therefore stood at $357.5 million in the period.

Banking and finance ranked first, with total new and additional capital of 105.7 million, accounting for 29.5 per cent of the total. Agriculture, forestry, and fisheries ranked second, with $68.4 million, or 19.1 per cent, then processing and manufacturing with $50.9 million, or 14.2 per cent.

Thirty-five countries and territories received investment from Vietnam in the period, led by Laos with $97.6 million, or 27.3 per cent of total. Australia ranked second, with $52.7 million, or 14.7 per cent, followed by Slovakia, Cambodia, Cuba, and Myanmar.

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