Vietnam
committed a total of $10.8 billion of investment in 627 projects in 55
countries and territories around the world by the end of last year, the
Ministry of Planning and Investment's Foreign Investment Agency reports.
Laos tops the list as the most appealing
investment destination, receiving $3.4 billion worth of investment, followed by
Cambodia with $2.1 billion and Venezuela with $1.8 billion.
Other countries attracting large-scale
investment from Vietnam include Russia , Peru , Malaysia , and Mozambique
ranging from 345 to $776 million.
In 2011, Vietnam authorised 75 outbound
investment projects in 26 countries and territories, and adjusted investment
capital for 33 investment projects, the Foreign Investment Agency said.
New outbound investment in 2012 are expected
to reach $2.12 billion, with large-scale projects in the energy and
communication sectors in areas targeted by the Vietnamese Government.
Some of the biggest overseas projects this
year will include the $806 million Se San II hydropower plant in Cambodia, an
expansion of an operation worth $408 million by military-run Viettel company in
Peru, and the $275.2 million Se Kong 3 hydropower plant in Cambodia.
Last year, State-owned enterprises invested
$950 million in outbound investment projects in other countries.
PetroVietnam is the highest outbound investor
with $347 million, followed by Viettel with $185 million, the Vietnam Rubber
Corporation with $134.6 million and Song Da Corporation with $161 million.
Deputy Minister of Planning and Investment
Nguyen The Phuong said outbound investment included paying Vietnamese
contractors and purchasing commodities and services from Vietnam to use abroad.
Phuong said to tighten lending and investment
capital in foreign currencies, the Ministry of Planning and Investment has
asked the State Bank of Vietnam to enhance supervision and monitoring of
commercial banks lending in foreign currencies. Investors had to arrange
investment capital by borrowing from foreign banks instead of transferring
investment capital abroad.
In 2011, the Ministry appointed three
inter-ministerial inspection teams to review businesses and corporations with
investment projects abroad.
VIR - VNA
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