Home » Investment » Vietnam overseas investment hits US$2.65 billion

Vietnam overseas investment hits US$2.65 billionNet global investment by Vietnamese companies rose by US$2.65 billion in the first quarter of 2013 and includes over US$700 million to fund 22 new projects and US$1.9 billion additional funding for existing projects.

These statistics are according to reports recently released by Vietnam’s Foreign Investment Agency (FIA).

The Vietnam National Oil and Gas Group increased its investment capital in a Russian Rusvietpetro joint venture to US$1.4 billion while the Vietnam Chemical Group raised its total investment for a rock salt project in Laos to US$518.9 million.

The mining sector is attracting the most Vietnamese dollars and accounts for 72.3% of the net investment in the January-March period.

Hospitality projects follow in second place attracting US$335 million, followed by telecoms projects with US$237.7 million. These latter two sectors make up 12.6% and 8.9% of the net investment in the first quarter, respectively.

In the first quarter, Russia was the largest recipient of Vietnamese dollars, accounting for 52.7% of the total, followed by Laos and Myanmar with 20.1% and 11.3%, respectively.

According to the FIA report, as of March 20 Vietnam had a total dollars of US$15.5 billion invested in 742 projects in 59 countries and territories throughout the world.

Laos leads other countries in attracting Vietnamese investment with US$4.2 billion in 227 projects, followed by Cambodia with US$2.7 billion in 129 projects.

(Nhan Dan)

No comments yet... Be the first to leave a reply!