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Vietnamese investment abroad rises despite Covid

By Minh Son   August 29, 2021 | 10:09 pm PT
Vietnamese investment abroad rises despite Covid
An oil exploitation project of Petrovietnam in Algeria. Photo courtesy of Petrovietnam
Despite the worsening of the Covid-19 outbreak, Vietnamese investment abroad increased by 74 percent year-on-year in the first eight months.

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.

 
 
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