Vietnam’s outbound investment totals US$120 million in Q1

SGGP
Overseas investments of Vietnam in the first three months of this year hit US$120 million in six countries and territories, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Unitel, an overseas investment of Viettel in Laos. (Photo: SGGP)

Unitel, an overseas investment of Viettel in Laos. (Photo: SGGP)

Of which, 24 projects were granted newly-registered certificate with total investment of more than $80 million while existing projects asked to increase an additional investment of nearly $40 million.

Science and technology sector was invested most with newly-registered and additional capital of $67.8 million, accounting for 56.5 percent of total investment capital. Banking sector ranked second with $36 million, comprising of 30 percent. Wholesale and retail sector came in third with $10.7 million, making up 8.9 percent.

Vietnamese firms poured investments most into Spain, followed by Cambodia and the US.

By Che Han – Translated by Thuy Doan

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