Vietnam’s overseas investment hits nearly US$412 million

Update: 14:41 | 02/11/2019

Total foreign investment by Vietnamese companies in the first ten months of 2019 was estimated at US$411.9 million, according to the General Statistics Office.

Detailed data showed licenses were granted to 128 new projects worth US$311.9 million while an additional US$100 million was pledged to 28 existing projects.

Vietnam, overseas investment, Total foreign investment, Vietnamese companies, new projects, Agricultural investment, scientific-technological activities

Australia is the largest recipient of Vietnamese investment at US$140.6 million.

Investment in wholesale, retail and motor vehicle repairs was estimated US$110.7 million, accounting for the largest share of Vietnam’s total overseas investment during the January-October period, at 26.9%.

Agricultural investment came second at US$65.6 million while investment in scientific-technological activities ranked third at US$59.4 million. Investment in property trading was US$57.9 million.

During the reviewed period, Vietnamese companies invested in 30 countries and territories, with Australia being the largest recipient at US$140.6 million, followed by the US and Spain at US$61.5 million and US$59.8 million, respectively.

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Source: NDO

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