Vietnam invests $136M abroad in 5 months

By VNA   May 27, 2024 | 08:26 pm PT
Vietnam invests $136M abroad in 5 months
An oil rig of PetroVietnam, a large investor abroad. Photo courtesy of the company
Vietnamese enterprises pumped more than US$136 million of total investment into new projects and to supplement capital in ventures abroad in the first five months, equivalent to 43% of the figure seen in the same period last year.

From January to May, Vietnamese enterprises made outbound investments in 16 sectors, mostly focusing on mining, accounting for 43.1% of the total capital, followed by manufacturing and processing industry (23.9%); and trading and retail (8.3%).

Sixteen countries and territories received Vietnamese investment during the period. Of them, the Netherlands took the lead, accounting for 40.1%. Laos came second, holding 36.8%, followed by the U.S. and New Zealand.

As of May 20, Vietnam had 1,733 operational projects abroad with a total investment of over $22.25 billion.

The majority of its overseas investments came towards to mining sector, 31.6%, and the agro-forestry-fishery sector, 15.6%.

Countries with the largest investment from Vietnam were Laos (24.8%), Cambodia (13.1%) and Venezuela (8.2%).

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