Vietnamese firms invest nearly US$22 billion abroad

There had been 1,643 Vietnamese-invested valid projects in foreign countries with a total capital of US$21.93 billion as of late April, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Vietnamese firms invest nearly $22 billion abroad (Photo: VNA)

Vietnamese firms invest nearly $22 billion abroad (Photo: VNA)

Vietnamese investors poured capital into 13 sectors, in which information and communications took the lead with nearly 69 percent of the total, followed by the agro-forestry-fishery, processing and manufacturing, and mining sectors.

In the first four months of this year, Vietnam saw 41 new projects licensed in 20 countries and territories with a combined investment of US$140 million, a decline of 51 percent compared with that of the same period last year. Investment adjustments were made at 11 projects, increasing by US$13.5 million in capital.

Vietnam’s foreign investment consisting of both new investments and adjusted ones reached US$153.5 million in the first four months of this year, a drop of 53.2 percent year-on-year.

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