Vietnam invests over US$500 million abroad in 2019

Thursday, 2019-12-26 17:14:41
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TH True Milk Group has invested over US$80 million in Australia. (Illustrative image)
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NDO – Vietnamese investors poured US$508.14 million worth of investment in foreign countries around the world in 2019, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The amount included US$403.15 million worth of newly registered capital invested into 164 news projects and US$105 million worth of supplemented capital poured into 29 ongoing projects.

Wholesale and retail led Vietnam’s investment abroad with an impressive total newly registered and supplemented capital of US$121.6 million, accounting for 23.9% of total Vietnam’s investment abroad.

The agricultural, forestry and aquatic sector ranked second with US$86.1 million, accounting for 16.9% of the total investment abroad.

The science and technology sector came in third with an investment of US$70.1 million, making up 13.8% of the total investment abroad.

Vietnam has invested in 32 countries and territories with the largest investment going into Australia, at US$154.6 million, occupying 30.4% Vietnam’s total investment abroad.

The US was in second place with US$93.4 million poured into 26 projects, accounting for 18.4% of the total Vietnam’s investment abroad. It was followed by Cambodia, Spain, Singapore and Canada respectively.