Outward investment fetches over US$ 1 bln

17:20 | 02/11/2014

VGP – In the first nine months of 2014, the Ministry of Planning and Investment (MoPI) granted 83 outward investment projects worth over US$1 billion to 23 foreign countries and territories.

The Foreign Investment Agency (FIA) under the MoPI reported that Tanzania was the biggest FDI recipient country by luring a large-scale project valuing US$355.2 million, accounting for 35.5% of the total registered capital.

Laos was the most attractive destination for Vietnamese outward investment with 249 projects worth up to US$ 4.7 billion..

Cambodia ranked the second with US$351.4 million, equivalent to 35.1% of the total registered capital; followed by Burundi with US$170 million (17%). 

Vietnamese investors chiefly focused on information and communications with seven projects with combined value of US$ 527.1 million; followed by agro-forestry and fishery sector with eight projects capitalized at US$ 348.9 million. 

The agency also announced that as of late September, 2014, Viet Nam had 905 outward investment projects valuing US$19.1 billion in 63 countries and territories.

Key investment areas include mining (US$ 8.6 million), agro-forestry and fishery (US$ 3.1 billion), electricity production and distribution and oil and gas (US$ 2.1 billion).  

Viet Nam’s large-scale investment projects mainly focused on petrol, telecom, and rubber./.

By Kim Anh