Of the investments, USD 96 million was poured into 44 new projects while the remaining USD 53.5 million was pledged to nine existing projects.

At a Chinese-invested company in Hung Yen province

Vietnam’s outbound investment projects mainly focused on science and technology at USD 81.7 million, accounting for 54.7 percent of the total.

The banking sector took second place with total investment of USD 36 million, making up 24.1 percent. It was followed by the wholesale and retail sector with USD 16.4 million, accounting for 11 percent of total investment.

Vietnamese firms invested into 23 countries and territories in the period. Spain lured the biggest amount of investment from them with a large scale project of USD 59.8 million, accounting for 40 percent of the total.

Cambodia and Malaysia followed with USD 37.9 million and USD 14 million, respectively.

Source: VNA