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Their numerous investment projects largely focus on mining and agro-forestry-fisheries sectors, with Laos, Cambodia, and Russia emerging as the top destinations for Vietnamese capital, making up the lion’s share with 23.7%, 13.1%, and 12.9%, respectively.
Total newly and additional investment capital abroad during the reviewed period reached US$546.7 million, a three-fold increase in comparison to the same period from last year.
Of the total, there were 21 projects which received investment certificates with a total registered capital of US$143.5 million, equivalent to 88.7% of the figure recorded during the same period last year.
Furthermore, local financiers adjusted investment capital for nine projects, with combined additional investment capital reaching US$403.2 million, representing an annual rise of 21.4 times.
A major part of the capital outflow, approximately US$271 million, was poured into the science and technology sector, followed by the wholesale and retail sector, the agro-forestry-fisheries sector and support services.
A total of 15 countries received investment from Vietnam during the first five months. The United States took the lead with US$302.8 million, trailed by Cambodia with US$89.1 million, Canada with US$32.08 million, and France with over US$32 million.
Source: VNA
![Landscape of outbound Vietnamese investment ventures](https://vnn-imgs-a1.vgcloud.vn/www.vir.com.vn/stores/news_dataimages/dinhthuy/032021/19/14/in_article/croped/outbound-investment-venture-recent-picture.jpg?w=145&h=101)
Landscape of outbound Vietnamese investment ventures
While COVID-19 ddversities are making some firms more prudent, but there are firms that do not hesitate in finding ways to tap into the global market potential.
![Vietnamese enterprises invest approximately US$21 billion abroad](https://vnn-imgs-f.vgcloud.vn/2020/07/19/14/6-1.jpg?w=145&h=101)
Vietnamese enterprises invest approximately US$21 billion abroad
Last year saw local businesses pour a figure of US$21 billion into more than 1,300 projects in foreign countries, with profits transferred home reaching roughly US$3 billion, according to the Ministry of Planning and Investment.