Vietnamese businesses invest US$277.4 million abroad

During the period, the firms received investment licenses for 90 new projects worth US$ 180.1 million. They were also allowed to raise their investment in 21 underway projects by US$ 97.3 million.

Spain attracted the largest share of Vietnamese investment in the seven months with US$ 59.8 million, accounting for 22% of the total investment. It was followed by the US with US$ 45.7 million, or 16.5% of the capital.

Other markets receiving Vietnamese investments were Australia with US$ 45 million, Cambodia with US$ 39 million and Singapore with US$ 35 million.

In the reviewed period, the retail sector was the most attractive sector for Vietnamese businesses overseas markets, luring US$ 94.3 million or equivalent to 34% of total capital. The science and technology sector came next with US$ 83.4 million or 30% while the banking sector ranked third with US$ 37 million or 13.5%.