Illustrative photo. (VNA)

Vietnamese firms invested in 10 sectors abroad, including information-communications, services, wholesale and retail, health care, processing and manufacturing. Singapore was the biggest recipient of the investments, followed by Israel and Laos.

Notably, Vietnamese conglomerate Masan Group’s subsidiary The Sherpa received a license to place 105 million USD in Singapore-based tech firm Trust IQ.

As of February 20, Vietnam counted more than 1,600 valid overseas projects valued at nearly 22 billion USD. Laos, Cambodia and Venezuela lured the most Vietnamese investments, mainly in mining, and agriculture, forestry and fishery.