Vietnamese enterprises invested a total of US$320.6 million abroad, including newly and adjusted capital, during the opening seven months of the year, representing a drop of 10.6% year on year, according to the General Statistics Office.

Of the figure, US$149.2 million was poured into 69 new projects, marking a drop of 52.5% year on year, while US$171.4 million was added to 17 existing projects, up 3.8 times compared to the same period last year.

The majority of overseas investment was injected into wholesale and retail services, repair of automobiles, motorcycles, motorbikes, and other motor vehicles (at US$148.6 million), followed by information and communication (US$109.3 million), and the agro-forestry fishery sector (US$15.7 million).

Canada represented the largest recipient of Vietnamese investment among 22 countries and territories around the world at US$150.2 million, accounting for 46.9% of total investment capital.

Singapore ranked second with US$109.3 million, trailed by Laos with US$26.3 million, Cuba with US$11.8 million, and Israel with US$6.1 million.

VOV