Vietnamese investors eye finance sector abroad

According to the General Statistics Office under the Ministry of Planning and Investment, in the first quarter of this year Vietnamese businesses invested in 23 projects abroad totaling $149.5 million. Investments in banking and finance accounted for 70.2% of the total newly-licensed and added capital which is worth 105 million USD. Manufacturing and processing ranked second with 13.3%. The other fields were retail and wholesale with seven projects worth 8.5 million USD. Vietnamese businesses invested in 16 countries and territories in the first 4 months, with Laos leading the list accounting for 53.5 percent of total investment, followed by Cambodia with 17.3 percent.