Thursday, December 02, 2021

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Vietnam doubles investments abroad

Vietnam doubles investments abroad

Hanoi, Jul 28 (Prensa Latina) Vietnam placed 570.1 million dollars in projects abroad in the first seven months of 2021, more than double compared to the same period last year, the Ministry of Planning and Investments reported.
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From January to the end of July, Vietnamese companies received licenses to start 28 projects outside the country that were backed by a capital of 145.3 million dollars.

Another 11 that were already in execution were injected with 424.8 million dollars, nine times higher than that of the same period of 2020.

Among the 18 countries and territories that were invested on by Vietnam, the first was the United States with 302.8 million dollars, 53 percent of the total, followed by Cambodia (89 million), Laos (47.8 million) and Canada (32.1 million).

The projects in which Vietnam invested the most are related to science and technology (47.5 percent of the total), wholesale and retail trade, agriculture, forestry and fishing.

Vietnam has currently invested around 22 billion dollars abroad in 1,423 projects, most of it in the mining and agroforestry-fishing sectors.

Some 33 thousand projects are operating in the country under the foreign investment regime, with a capital amounting close to 400 billion dollars.

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