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Outward investment totals 2.65 bn USD in Q1

Global investment by Vietnamese businesses reached 2.65 billion USD in
the first quarter this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In the reviewed period, 22 new overseas investment projects worth
720.7 million USD were granted licenses, while five projects got
additional investment of 1.9 billion USD.

Rusvietpetro joint venture of PetroVietnam in Russia added 1.4 billion
USD to its capital and the Vietnam National Chemical Group poured 518.9
million USD in a rock salt mine in Laos .

Vietnamese investors mainly engaged in mine ores, accounting for 72.3
percent of the total registered capital, followed by hotels and food
service (12.6 percent) and information and telecommunication (8.9
percent).

In the first quarter, 12 foreign
countries and territories absorbed Vietnamese outward investment of
which Russia received 1.4 billion USD, representing 52.7 percent;
Laos, 20.1 percent and Myanmar, 11.3 percent.

The FIA reported that as of March 20, there were 742 outward
investment projects with total registered capital of 15.5 billion USD in
59 foreign countries and territories.

Laos took
the lead with 227 projects worth over 4.2 billion USD; followed by
Cambodia with 129 projects with 2.7 billion USD, Russia and
Venezuela .

Statistics showed that 2.9 billion USD
went into petroleum sector; 500 million USD into rubber planting; 400
million USD in hydro-electricity and 249 million USD in telecom.-VNA

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