Vietnamese overseas investment exceeds USD 187 million

Vietnamese enterprises invested nearly USD 184.7 million in overseas projects in the first five months of this year, according to the General Statistics Office.

Vietinbank is seeking to make inroads in new foreign markets. (source: Vietnam Finance)

During the period, finance and banking drew the greatest interest from the Vietnamese investors, accounting for over 57 percent of total investment capital, or USD 105.8 million.

Major banks such as BIDV, Vietinbank, and Sacombank are seeking to make inroads in new foreign markets.

The finance and banking sector was followed by the manufacturing and processing, ago-forestry and aquaculture sectors.

From January to May, Vietnamese businesses invested in 24 countries and territories. Among them, Laos lured the lion’s share of investments with 43.4 percent of total funds.

Apart from traditional markets such as Laos, Cambodia and Myanmar, Vietnamese businesses are expanding to other markets like Australia, New Zealand, the US, Canada, Haiti and Cameroon./.

( VNF/VNA )