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Vietnam’s outbound investment in Jan-Feb mostly in finance-banking

Quoc Hung
Sunday,  Mar 4,2018,22:35 (GMT+7)
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Vietnam’s outbound investment in Jan-Feb mostly in finance-banking

Quoc Hung

HCMC – Most of Vietnamese outbound investments in the first two months of this year focused on the finance and banking sector, data of the Foreign Investment Agency under the Ministry of Planning and Investment shows.

Vietnamese enterprisesregistered a combined US$115 million in their overseas projects in the first two months of the year.In particular, 13 fresh projects worth US$89.89 million were awarded with foreign investment certificates while three existing projects had their capital rise by US$25.06 million.

Vietnamese enterprises heavily invested in the finance and banking sector in the period. Total newly registered capital in this sector, including from operational projects, reached US$105 million, accounting for a whopping 91.3% of the total investment.

The wholesale and retail sector came second with seven projects capitalized at US$7.25 million, making up 6.3% of the total.

The other projects were in accommodation and catering services, scientific and technological activities, and information and communications.

Vietnamese enterprises set up shop in Laos, Canada, Japan, Germany, Cambodia, New Zealand, Thailand, China, Belize, and Myanmar in the period, according to the agency.

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