Peruvians pass by an Bitel office. (Photo: www.interactivaradio.com)
Local companies won approvals to invest $441.9 million in 102 newly-licensed projects and increase $192.8 million in 53 operational projects in the ten-month period, the Foreign Investment Authority under the Ministry of Planning and Investment said on its website.
Laos and Cambodia remain the most favored investment destinations of Vietnamese firms, which put an additional $126 million and $194 million in the two respective countries in the period.
Local firms also poured $102 million in 18 new projects and four existing projects in the U.S, adding to Russia, Singapore and Germany.
Vietnamese companies invested the most, $107 million, in the mining industry overseas, followed by the agriculture, forestry and aquaculture with $106 million.
Last month, Vietnam’s top mobile carrier Viettel
Group revealed a plan to put $250 million more in Bitel, its Peru subsidiary, aiming to raise the number of subscribers to 2.5 million in 2016.
TH Group, one of the country’s leading milk suppliers, also clinched a deal to invest $2.7 billion in a cow breeding and dairy processing facility in Moscow.
In 2014, Vietnamese enterprises were licensed to invest $1.78 billion abroad, resulting in an accumulative amount of $19.78 billion as of the end of that year.