Seven new projects were granted investment licences, with total registered capital of 3.83 million USD and one raised its capital by nearly 140,000 USD.

Cambodian telecom firm Metfone, a subsidiary of Vietnam's mobile carrier Viettel Group. Telecommunications was among leading sectors for Vietnam's overseas investment.

Vietnam’s overseas investment in January mainly poured into retail and wholesale (accounting for 71.8 percent of the total registered capital), construction (3.4 percent), manufacturing and processing (3.7 percent), and telecommunications (3.4 percent).

Four countries received investment from Vietnam in January. Among them, the US was the leading destination with total investment of more than 3.53 million USD, followed by Japan with an investment worth 182,400 USD, Cambodia with 150,000 USD and Republic of Korea with 100,000 USD.

In 2019, Vietnam invested a total of more than 508 million USD in 32 countries and territories, of which 403 million USD was poured into 164 new projects and 29 projects increased their capitals by a total of nearly 105 million USD.

The retail and wholesale industry was the leading sector for Vietnamese overseas investment with 121.6 million USD in 2019.

Other attractive sectors were agro-forestry-fishery and science and technology.

Australia was the top destination for Vietnam’s overseas investment last year, followed by the US and Cambodia.

Since 1989, Vietnam had so far invested more than 22 billion USD abroad, mainly in agro-forestry-fishery, energy and telecommunications sectors.

Bac Giang strives to build favourable investment climate

(BGO) - As defining the province’s development attached to development of the business community, Bac Giang province strove to foster administrative reform in 2019 with a breakthrough in administrative procedure reform to support and facilitate investors.

Vietnam – attractive destination for investment

Vietnam is one of the best growing economies in the Southeast Asian region and the country has become an attractive destination for investment from all over the globe, according to an article recently posted on the Bangkok Post.

RoK group sets up 860 mln USD investment fund for Vietnam

The National Pension Service of Korea recently launched a 860 million USD corporate partnership fund with SK Group of the Republic of Korea that will allow the latter to increase investment in Vietnamese firms Masan Group and Vingroup, according to the Korean Investors news outlet.

Vietnam ranks second in fintech investment in Southeast Asia

Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia.

Bac Giang approves and adjusts 222 investment projects

(BGO) – The investment attraction to Bac Giang province has been accelerated with positive results since early this year, especially drawing foreign direct investment (FDI) projects with sharply increased capital, much improved quality and bigger scale.

Source: VNA