Vietnam outbound investment tops $10.8 bln

Vietnamese investors committed a total of US$10.8 billion in 627 projects in 55 countries and territories around the world in 2011, the Ministry of Planning and Investment says.
Laos tops the list of the most appealing investment destination, which attracted investment worth $3.4 billion from local businesses, followed by Cambodia with $2.1 billion, and Venezuela, $1.8 billion.

Other countries attracting the most investment from Vietnam include Russia, Peru, Malaysia, and Mozambique, which attracted investment ranging from $776 million to $345 million each.

In 2011, the country has licensed 75 fresh overseas projects in 26 countries and territories, and adjusted capital of 33 investment projects, the ministry said.

The total new registered investments this year are expected to reach $2.12 billion.

Most of the projects of large scales belong to the energy and communication sectors and concentrate on destinations targeted by the Vietnamese government.

Some of the biggest overseas projects this year include the $806-million Ha Se San II hydropower plant in Cambodia, an operation expansion worth $408 million by military-run Viettel in Peru, and the $275.2 million Se Kong 3 hydropower plant in Cambodia.

State-owned enterprises this year invested $950 million in foreign countries.

PetroVietnam tops the list of the highest outbound investor with $347 million invested, followed by Viettel with $185 million and the Vietnam Rubber Corporation with $134.6 million.

Tuoi Tre

Tags: Vietnam outbound investment

Posted by VBN on Jan 2 2012. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry