Vietnamese firms rise capital for overseas investment
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Photo for illustration. Source: NDO. |
Over US$403 million were added to nine existing projects in H1. They included two projects of the Vingroup conglomerate and its automobile arm Vinfast which were adjusted up by US$300 million and US$32 million in the US and Germany, respectively.
Among the 12 fields of investment, Vietnamese firms channeled US$270.8 million into science-technology projects, accounting for nearly half of the total. Wholesale and retails came second with US$148.6 million.
The US was the top destination for Vietnamese capital in the period with US$302.8 million, holding a lion’s share of 55.4 %. Cambodia ranked second with US$89.2 million, followed by Canada and France.
As of June 20, Vietnam had 1,420 valid overseas projects totaling US$21.8 billion, mainly in the sectors of mining (36.4 % of total capital) and agro-forestry-fisheries.
Laos was the largest recipient of Vietnam’s overseas investment, making up 23.7 % of the total capital, followed by Cambodia (13.1 %) and Russia (nearly 13 %).