Vietnam’s outbound investment up nearly 16 percent in eight months
Vietnam invested a total of 330 million USD abroad in the first eight months of this year, up 15. 8 percent year-on-year, the Ministry of Planning and Investment reported.
Hanoi (VNA) – Vietnam invested a total of 330 million USD abroad in the first eightmonths of this year, up 15. 8 percent year-on-year, the Ministry of Planningand Investment reported.
Ofthat number, 218.4 million USD was poured into 86 newprojects and theremaining 111.8 million USD pledged to 25 existing projects.
Thelargest share of Vietnamese investment was injected into manufacturing and processingwith 225.7 million USD. Coming second was lodging and catering services with39.6 million USD, followed by wholesale and retail sector, and auto andmotorbike repairs, 19.6 million USD.
Amongthe 24 countries and territories where Vietnamese investors were active in the eightmonths, Germany was the largest with 92.6 million USD, followed byLaos, 86.7 million USD; Myanmar, 44.6 million USD; and the US, 40.8 millionUSD. /.
Vietnamese businesses have invested nearly 440 million USD abroad since the beginning of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Total outbound Vietnamese investment reached 431.7 million USD in the first nine months of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
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Illustrative image (Photo: VNA) 
