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Vietnam invests over US$458 million abroad in 11 months

by NDO/VNA02 December 2019 Last updated at 16:56 PM

Australia draws the highest amount of capital from Vietnam in the first 11 months of 2019, at US$141.3 million.
Australia draws the highest amount of capital from Vietnam in the first 11 months of 2019, at US$141.3 million.

VTV.vn - Vietnamese businesses invested US$458.8 million in 31 foreign markets in the first 11 months of 2019, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

In the reviewed period, US$353.8 million was invested in 148 new projects, while US$105 million was added to 29 underway ones.

Australia drew the highest amount of capital from Vietnam at US$141.3 million, accounting for 30.8% of the total, followed by the US, Spain and Cambodia.

Retail and wholesale was the most attractive sector for Vietnamese investors in 11 months, which attracted 25.8% of the total capital the firms invested abroad.

Meanwhile, agro-forestry-fisheries ranked second with a 14.3% share, and IT came third with 13.1%, according to the agency.

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