(MPI) - Vietnam’s overseas investment reached about 598.7 million USD during the first eleven months this year, up 51.6% year on year.

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In the first eleven months this year, Vietnamese businesses invested 151 new projects abroad and 22 projects saw capital adjustment. Vietnam’s total investment were about 598.7 million USD, marking a 51.6% increase year-on-year.

Vietnamese investors channelled capital into 16 sectors abroad, with science and technology topping the list (accounting for 33.4% of total investment capital). Followed were manufacturing and processing industry (or 18.1%), electricity production and distribution (or 15.8%), and other sectors.

Among 31 countries and territories recording Vietnamese investments during the period, Laos took the lead (26.8%), and Indonesia (23%) and India (15%).

By the end of November, Vietnam had 1,813 valid overseas investment projects with total capital exceeding 22.52 billion USD

The investments concentrated on mining (31.2%) and agriculture, forestry and fishery (15.1%). Meanwhile, the biggest destinations of Vietnamese investments were Laos (25%); Cambodia (13%); and Venezuela (8.1%)./.

Bao Lin

Ministry of Planning and Investment