Thailand
Vietnam’s overseas investment soars 74 percent in eight months, Cambodia receives 2nd highest portion
Vietnam’s overseas investment surged 74.1 percent year on year to $575 million in the first eight months of 2021, according to the Ministry of Planning and Investment.
Cambodia in second place received 89.4 million new investments from Vietnam, while the US, the top destination with $302.8 million, making up 52.7 percent of the total, Laos, and Canada followed, respectively attracting $47.8 million and $32.1 million.
The amount included $150.1 million poured into 40 new projects, equivalent to 68.7 percent of the figure in the same period last year, while $424.9 million was added to 13 existing ones, rising 3.8-fold.
With $270.8 million, science – technology tops the 13 sectors Vietnamese investors poured money into, accounting for 47.1 percent of the total overseas investment.
It is followed by wholesale and retail with $150.9 million, equivalent to 26.2 percent; agriculture, forestry, and fisheries; and administrative activities and support services.
Vietnamese investments were channeled into 20 countries and territories during the eight months.
As of August 20, Vietnam had 1,428 valid investment projects overseas, the majority of which, 36.3 percent, operated in the mining industry and 15.3 percent in the agro-forestry-fishery sector.
Laos was the largest recipient of Vietnamese investment with 23.8 percent, Cambodia 13.1 percent, and Russia 12.9 percent, the ministry’s Foreign Investment Agency said. VNA