Vietnamese enterprises invest heavily into Australia

According to the General Statistics Office of Vietnam, Vietnamese enterprises have been pumping investment capital heavily into Australian market.
Particularly, by the end of August this year, Australia was the leading country in investment attraction of Vietnamese enterprises with US$178.9 million, followed by the US, Spain, Cambodia and Singapore with investment capital fluctuating from $35 million to $100 million. There were 102 projects of Vietnamese enterprises having been granted investment certificates with total investment of $339.5 million. In addition, 23 projects adjusted investment capital for an additional capital of $99.5 million.

As for investment fields, Vietnamese enterprises mainly invested in wholesale and retail trade and repair of automobiles, motorbikes and other engine-driven vehicles which accounted for 22 percent of total investment capital. Agriculture, forestry and aquaculture sector accounted for 20.2 percent. Science and technology sector took 19 percent and real estate sector held 16.4 percent.

By Ai Van – Translated by Thuy Doan

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