• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

VN’s investment booms abroad

VGP – Việt Nam’s outward investment activities continues to soar, and more and more Vietnamese enterprises are capable of expanding their operations abroad, said the Foreign Investment Agency (FIA).

September 10, 2008 10:06 AM GMT+7

Up to now, Việt Nam has had 317 investment projects in other countries, with the total capital of US $2.5 billion. Vietnamese businesses are now operating in 14 countries and territories, mainly in Asia. Laos is the largest destination, attracting 123 projects (accounting for over 50% of investment capital), followed by Cambodia (34 projects with US $153 million) and Malaysia (7 projects with US $162 million).

By the end of July 2008, the disbursement of outward investment reached US $1 billion, accounting for 40% of the total capital. Industrial sector took the largest proportion, equal to 58.6% and 60% of the total implemented and registered capital respectively.

Total investment capital abroad in 2008 is expected to reach US $500 million, up 20% over 2007, said the FIA, adding that Vietnamese enterprises focus on such fields like petroleum, electricity, mining, telecommunication, transport, import-export and retail activities.

The State bodies are drastically streamlining administrative procedures; reducing administrative intervention into outward investment projects; giving enterprises with greater responsibility and activeness; and gradually decentralizing competence to license outward investment activities, said the Ministry of Planning and Investment.

Currently, the Government is also finalizing agreements with some countries on promoting and protecting investment, and on avoiding double-taxation. It is expected to facilitate the outward investment of Vietnamese enterprises.

By Ngọc Vân