(MPI) - Vietnam’s overseas investment approximated 150.7 million USD during the first seven this year, equalling 47% year on year.

Illustrative image. Photo: MPI

In the first seven months this year, Vietnamese businesses invested 64 new projects abroad and 15 projects having their added capital. Vietnam’s total investment were about 150.7 million USD (equivalent 47% year on year).

Vietnamese investors invested in 12 sectors abroad, with the mining sector topping the list (accounting for 38.9% of the total investment). Followed were mining (38.9% of the total), processing and manufacturing industry (or 19.2%), wholesale and retail (or 16.4%), and other sectors.

Among 23 countries and territories recording Vietnamese investments during the period, the Netherlands took the lead (36.2%). Next were Laos (24.3%), the US (12.4%), and Cambodia (8.2%).

Accumulated as of July 20, Vietnam had 1,750 valid overseas investment projects with combined capital of nearly 22.27 billion USD.

The investments concentrated on mining (31.6%); agriculture, forestry and fishery (15.5%). Meanwhile, the biggest destinations of Vietnamese investments were Laos (24.7%); Cambodia (13.1%); and Venezuela (8.2%)./.

Bao Linh

Ministry of Planning and Investment