HCMC – Vietnamese investments in foreign countries plunged sharply in the first eight months of this year, with total approvals put at US$147.3 million, a 64.6% year-on-year drop, according to the General Statistics Office.
As of August, 75 new investment projects and 17 capital adjustments had been approved, reported the Vietnam News Agency.
These investments are distributed across 14 sectors. The mining sector attracted the largest share, at US$58.6 million, which constitutes 39.8% of the total. The manufacturing and processing industry followed with US$29.1 million, representing 19.7%, while the wholesale and retail sector, including vehicle repairs, secured US$24.7 million, accounting for 16.8%.
Vietnamese investments were pledged in 25 countries and territories. The Netherlands emerged as the top recipient with US$54.6 million, or 37.1% of the total investment. Laos and the U.K. followed with US$37.8 million and US$19.8 million, respectively.
