Vietnamese investment abroad rises despite Covid
Despite the worsening of the Covid-19 outbreak, Vietnamese investment abroad increased by 74 percent year-on-year in the first eight months.
According to the Ministry of Planning and Investment, fresh investments and expansion of existing projects added up to $575 million, with the former accounting for $150.1 million.
Professional activities, science and technology accounted for the largest share – $270.8 million – and wholesale and retail was second with $151 million, followed by the agriculture, forestry and fisheries.
The U.S. was the leading destination with $303 million. Cambodia was second with $89.4 million. Laos and Canada followed with $47.8 million and $32.1 million.
Vietnamese investors have a total capital of $21.8 billion in 1,428 ongoing projects.