Indirect investment hits nearly US$3 billion in last 12 months

Foreign investors have spent US$2.948 billion on portfolio investment in Vietnamese companies in the past 12 months, according to the Foreign Investment Agency.

Indirect investment hits nearly US$3 billion in last 12 months

In July of this year alone, foreign investment in the forms of capital contributions and share purchases totalled US$1.512 billion, with the largest proportion - US$350.1 million or 23.1% - poured into the property sector.

Retail and wholesale sectors came second and third with US$318.9 million and US$77.3 million respectively.

Other sectors receiving indirect foreign investment in July were air passenger transport and manufacturing of plastic products.

A breakdown of countries and territories shows that Singapore was the largest portfolio investor in July with US$488.4 million, followed by the Republic of Korea, which bought shares and contributed capital worth a total of US$231 million.

Indirect investment by Japan, Taiwan and China was US$157 million, US$130.8 million and US$65.8 million respectively.