Vietnamese overseas investment exceeds 187 million USD
Friday, June 8,2018AsemconnectVietnam - Vietnamese enterprises invested nearly 184.7 million USD in overseas projects in the first five months of 2018, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
During the period, finance and banking drew the greatest interest from the Vietnamese investors, accounting for 57.3 percent of total investment capital, or 105.8 million USD.
Major banks such as the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), the Military Bank (MB) and the Saigon-Hanoi Commercial Joint Stock Bank (SHB) 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, the GSO said.
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.
Cuba has emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia.
According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, Vietnamese firms registered to invest 19.9 million USD in Cuba in the first four months of 2018 despite geographical distance.
Vietnam showing better-than-average growth: Indian expert
Vietnam works hard to boost exports to Chinese market
DAILY: Vietnamese pepper prices remained unchanged on March 24
Reference exchange rate down 15 VND
DAILY: Vietnamese coffee prices rose by 300 VND on March 24
Stock market violations to face stricter sanctions
Wood industry strives to regain growth momentum
Vietnam's exports to several ASEAN markets rebounded
Export turnover to the US in 2 months of 2023 reached 13 billion USD
DAILY: Vietnamese pepper prices remained unchanged on March 23
DAILY: Vietnamese coffee prices fell by 300 VND on March 23
Singaporean site highlights Vietnam’s potential for fintech growth
Vietnamese coffee finds ways to gain foothold in RoK market
Dragon fruit export turnover reaches 47 million USD
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...