Vietnam’s overseas investment soars 74 percent in eight months
Vietnam’s overseas investment surged 74.1 percent year on year to 575 million USD in the first eight months of 2021, according to the Ministry of Planning and Investment.
Vietnamese investors channelled 575 million USD into overseas projects between January and August (Photo: VNA)
Hanoi (VNA) – Vietnam’s overseas investmentsurged 74.1 percent year on year to 575 million USD in the first eight monthsof 2021, according to the Ministry of Planning and Investment.
The amount included 150.1 million USD poured into 40 new projects, equivalent to 68.7 percent of the figure in the same period last year, while424.9 million USD was added to 13 existing ones, rising 3.8-fold.
With 270.8 million USD, science - technology tops the 13 sectors Vietnameseinvestors poured money into, accounting for 47.1 percent of the total overseasinvestment.
It is followed by wholesale and retail with 150.9million USD, equivalent to 26.2 percent; agriculture, forestry, and fisheries; andadministrative activities and support services.
Vietnamese investments were channeled into 20countries and territories during the eight months.
The US was the top destination with 302.8 million USD,making up 52.7 percent of the total. Cambodia, Laos, and Canada followed, respectivelyattracting 89.4 million USD, 47.8 million USD and 32.1 million USD.
As of August 20, Vietnam had 1,428 valid investmentprojects overseas, the majority of which, 36.3 percent, operated in the miningindustry and 15.3 percent in the agro-forestry-fishery sector.
Laos was the largest recipient of Vietnamese investment with 23.8 percent,Cambodia 13.1 percent, and Russia 12.9 percent, the ministry’s ForeignInvestment Agency said./.
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Vietnamese investors channelled 575 million USD into overseas projects between January and August (Photo: VNA) 
