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Vietnam Today

11M overseas investment at over $458mn

Released at: 10:14, 04/12/2019

11M overseas investment at over $458mn

Subscribers registering mobile services of Metfone - Viettel's brand in Cambodia (Photo from international.viettel.vn)

Australia the most popular destination, with retail and wholesale the most popular sector.

by Linh Van

According to a report from the Foreign Investment Agency at the Ministry of Planning and Investment, Vietnamese businesses invested $458.8 million in 31 overseas markets in the January - November period.

Of this, $353.8 million went into 148 new projects, while $105 million was added to 29 existing projects.

Australia attracted the most capital in the period, with $141.3 million, or 30.8 per cent of the total, followed by the US, Spain, and Cambodia.

Retail and wholesale was the most attractive sector for overseas investment in the period, attracting 25.8 per cent of the total.

Agro-forestry-fisheries ranked second with 14.3 per cent and IT third with 13.1 per cent, according to the report.

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