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Vietnamese investment abroad rises despite Covid

Aug 30th at 14:54
30-08-2021 14:54:05+07:00

Vietnamese investment abroad rises despite Covid

Despite the worsening of the Covid-19 outbreak, Vietnamese investment abroad increased by 74 percent year-on-year in the first eight months.
An oil exploitation project of Petrovietnam in Algeria. Photo courtesy of Petrovietnam

According to the Ministry of Planning and Investment, fresh investments and expansion of existing projects added up to $575 million, with the former accounting for $150.1 million.

Professional activities, science and technology accounted for the largest share - $270.8 million - and wholesale and retail was second with $151 million, followed by the agriculture, forestry and fisheries.

The U.S. was the leading destination with $303 million. Cambodia was second with $89.4 million. Laos and Canada followed with $47.8 million and $32.1 million.

Vietnamese investors have a total capital of $21.8 billion in 1,428 ongoing projects.

Vnexpress

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