Vietnamese firms pour over US$500 million abroad in 2019, Australian market top the list

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnamese investors poured over US$508 million abroad in 2019, in which, registered investment to Australia is US$ 154.6 million.    
December 27, 2019 | 16:41
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vietnamese firms pour over us 500 million abroad in 2019 australian market top the list

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.

VNF/NDO

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