Vietnamese firms invest $440 million abroad

[Viet]

A harbour in Australia. The country received the largest share of Vietnamese outbound investment in the first eight months of this year (Photo: AFP)

Hanoi (VNA) – Vietnamese businesses have invested nearly 440 million USD abroad since the beginning of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Of the sum, around 340 million USD was poured into 102 newly licensed projects while the remaining 99.6 million USD was injected into 23 already operating projects.

In the first eight months of the year, the wholesale and retail sector lured the largest share of Vietnamese investment with 97 million USD, accounting for 22 percent of the total.

The agro-forestry-fishery sector ranked second with 89 million USD, making up 20 percent of the total, and the science and technology sector came third with 84 million USD or equivalent to 19 percent, followed by real estate trading with 72 million USD or 16 percent.

Among the 30 countries and territories where Vietnamese investors were active from January to August, Australia was the largest recipient with 179 million USD or 41 percent of the total, mainly thanks to two large-scale projects of TH Group worth a total of 88.5 million USD, the FIA said, adding that the projects are in agriculture and dairy farming.

Australia was followed by Spain which attracted 60 million USD or 14 percent. Other destinations for Vietnamese investments were the US (46.3 million USD or 11.2 percent), Cambodia (39 million USD or 9 percent) and Singapore (36 million USD or 8 percent).

Experts forecast that Vietnam’s overseas investment would continue to increase if the world economy stays stable. Meanwhile, free trade agreements which Vietnam has joined could help drive local enterprises to seek investment opportunities in foreign markets thanks to tax cuts.-VNA

https://en.vietnamplus.vn/vietnamese-firms-invest-nearly-440-million-usd-abroad/159766.vnp

 

[Viet]

Still very modest if not small

@Marine Rouge
any figures available for Indonesia?

 

[Nike]

Still very modest if not small

@Marine Rouge
any figures available for Indonesia?

Our quarter foreign direct investment abroad Far far larger than your half year

https://www.ceicdata.com/en/indicator/indonesia/direct-investment-abroad

 

[nufix]

Still very modest if not small

@Marine Rouge
any figures available for Indonesia?

Cant you live a day without mentioning Indonesia or China?

 

[Viet]

Our quarter foreign direct investment abroad Far far larger than your half year

https://www.ceicdata.com/en/indicator/indonesia/direct-investment-abroad

Ok that is much more than us
that is the first hurdle to take

 

[shi12jun]

越南好牛逼哦，越南难波1

 

[lcloo]

A bit of old news from Malaysia. Around US$225 Billion invested in overseas by Malaysians.

Malaysia's overseas investments reach RM908b at June 2017

A view of Malaysia's landmark Petronas Twin Towers with lights on before Earth Hour in Kuala Lumpur. [NSTP file pix/ AIZUDDIN SAAD]AIZUDDIN SAAD

November 20, 2017 @ 9:05pm

KUALA LUMPUR: Malaysia’s position in terms of foreign direct investment and portfolio investment amounted to RM908bil for the period ended June 2017, the Dewan Rakyat was told.

The Ministry of Finance Ministry (MoF) said more than half of the investments or RM574bil comprised foreign direct investment abroad (DIA) by Malaysian companies.

Top investment destinations were Singapore, constituting 16 per cent of the amount, Indonesia (nine per cent), Canada (seven per cent), Australia (five per cent, the UK (five per cent), and India (four per cent), it said in a written reply.

The MoF said the foreign DIA was channelled primarily to the financial services sub-sector at 35 per cent, mining (19 per cent) and telecommunications services (eight per cent).
For foreign portfolio investment, it said it was worth RM334bil at the end of June 2017, of which two-thirds comprised assets held in the form of securities.

Meanwhile, the MoF said 1,043 investigation papers had been opened under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 by relevant agencies, of them, 145 cases were brought to the court from 2013 until 2016.

“For cases under the jurisdiction of Bank Negara Malaysia, 138 investigative papers had been opened and 44 cases were brought to the court from 2008 until 2016,” it said.- BERNAMA

 

[Nilgiri]

Still very modest if not small

@Marine Rouge
any figures available for Indonesia?

According to UNCTAD, Vietnam invested around 600 million USD outside its borders in 2018.

440 million for YTD means you could maybe reach 700 million this year.

There is long way to go for Vietnam in this area compared to Indonesia and India....but you are doing much much better than say Bangladesh (read the ending):

https://defence.pk/pdf/threads/walt...tors-acs-to-india.632427/page-9#post-11743217