VN firms invest $849m overseas in 7 months
VN firms invest $849m overseas in 7 months
Vietnamese businesses have invested in 68 projects in 21 countries with total capital of US$849 million for the first seven months of this year, according to the Ministry of Planning and Investment's Foreign Investment Agency.
It has raised total overseas investment capital to $19 billion, with 890 licensed projects at 63 countries and territories.
The capital in the first seven months, $608.9 million has been disbursed. The figure is expected to reach $1.15 billion by the end of this year.
Most projects concentrate on oil and gas exploration and exploitation, telecommunications, rubber planting and banking.
The largest project is a $355.2 million telecommunications network in Tanzania by Viettel, one of the leading mobile network operators in Viet Nam.
The group is also working on another $170 million project in Burundi.
The year second largest abroad project is an $80 million rubber planting project in Cambodia by An Dong Mia Company.
Tay Ninh Rubber Company has invested $64.7 million abroad, Dau Tieng Kratie $63.8 million and Tan Bien Kampong Thom $62 million.
The remaining projects have an investment capital of average $1.58 million each.
Some enterprises have begun earning profits from the projects such as Viettel and Hoang Anh Gia Lai.
bizhub
