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Mining and agriculture lead in overseas investments

Released at: 14:58, 23/11/2015

Mining and agriculture lead in overseas investments

Vietnamese enterprises invested $213 million in mining and agricultural projects overseas in the first ten months of 2015.

by Hoai An

Vietnamese enterprises made $625.4 million worth of investments overseas in the first ten months of the year, a recent report from the Foreign Investment Agency reveals, of there were 102 new projects with capital of $441.9 million while 53 projects increased their capital by a total of $192.8 million.

Mining received the greatest investment among sectors, with $107 million, or 16.8 per cent, followed by agriculture, forestry and fisheries, with $106 million. Other sectors such as information and communication, electricity, real estate, banking and finance, and insurance also saw more investment activity from Vietnamese enterprises.

Cambodia remains the most popular destination for Vietnamese investment, with eleven new projects and 12 raising their capital, totaling $194 million, followed by Laos with a total of $126 million. Vietnamese enterprises were also active in the US, with 18 new projects and four increasing their capital, worth $102 million in total.

Overseas investments by Vietnamese enterprises and individuals are clearly becoming more diverse, as are the investment destinations. Such investments are expected to continue to grow even faster and become more diverse, with improvements made in investment targets and management.

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