Vietnam poured $244.8 million into 84 newly-licensed overseas projects in the first nine months of this year, a year-on-year decline of 29.5 per cent in value, the Government News quoted the Foreign Investment Agency at the Ministry of Planning and Investment as reporting.
Meanwhile, Vietnamese investors added nearly $172 million in investment capital to 18 existing projects, thus bringing the total overseas investment in the period to $416.8 million, a year-on-year increase of 4.6 per cent.
Overseas investment from Vietnam went to 14 sectors, in which wholesale and retail trade led with 27 projects and 36.1 per cent of total capital, followed by electricity production and distribution, agro-forestry-fishery, aquaculture, and manufacturing and processing.
Canada was the largest recipient in the period, with total registered capital of $150.2 million, accounting for 36 per cent, followed by Singapore, Laos, and Cuba.
As of September 20, Vietnam had 1,667 valid projects overseas, with total capital of more than $22.1 billion.
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