Vietnam invests $180 million overseas in five months

Photo: Juhasz Imre/Pexels

HANOI: Vietnamese enterprises injected over $180 million into 18 foreign markets in the first five months of this year, equivalent to 98.7 per cent of the same period last year, Vietnam News Agency (VNA) reported.

During the period, $162 million was pumped into 60 new projects, nearly double that of last year’s period, thanks to a $91.5 million overseas project from Germany’s Vonfram Masan Co., that received an investment licence in May.

Meanwhile, $19 million was added to 11 underway projects, down 77.8 per cent year-on-year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

Germany drew the highest amount of capital with four projects worth $493 million, accounting for 51.3 per cent of the total. The US came next with $22 million or 12 per cent. – Bernama

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