Outward investment jumps 28.5% in Q1

Vietnamese investors committed to investing US$ 180.2 million overseas in the first quarter this year, a year-on-year increase of 28.5 percent, according to the General Statistics Office (GSO).

Illustration photo
Illustration photo

The GSO also reported that local investors increased investment capital in existing projects by US$31.2 million, down 92.3 percent against the same period last year.

Laos was the leading investment destinations of Vietnamese investors with US$64.3 million, accounting for 30.4 percent of the total outward investment volume.

The U.S. ranked second with US$ 34.5 million (16.3 percent), followed by Canada with US$ 34 million (16.1 percent), Singapore with US$ 29.9 million (14.1 percent), Indonesia with US$ 22.7 million (10.8 percent).

The Foreign Investment Agency said that Vietnamese investors invested in eight fields of which processing and manufacturing sector took the lead with US$ 96.75 million; followed by mining with US$ 33.5 million, finance and banking with US$ 30.5 million.

Source: VGP

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