VN invests $1.2 billion in overseas projects11-09-2007
VNS (Hanoi)
HA NOI — Vietnamese businesses had invested US$1.2 billion in 227 projects abroad by the end of August, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
Most of the projects focused on industry, which accounted for 65 per cent of the total capital, followed by those in agriculture and services.
Laos remained the most attractive destination for Vietnamese investors as it attracted 80 projects capitalised at $559 million, followed by Cambodia, which saw 24 projects totalling $81 million.
Surprisingly, Algeria was a major benefactor. It hooked a $243 million oil and gas deal – one of the biggest projects invested overseas by Vietnamese businesses to date.
An increasing number of domestic companies have invested or expanded into foreign countries, said the department, adding that most projects are still small in scale.
The agency forecast that Vietnamese businesses would invest a total of $350 million overseas in 2007, a year-on-year increase of 25 per cent.
The Ministry of Planning and Investment is set to organise a tour to study investment environments in Russia and its neighbouring nations.
Most of the projects focused on industry, which accounted for 65 per cent of the total capital, followed by those in agriculture and services.
Laos remained the most attractive destination for Vietnamese investors as it attracted 80 projects capitalised at $559 million, followed by Cambodia, which saw 24 projects totalling $81 million.
Surprisingly, Algeria was a major benefactor. It hooked a $243 million oil and gas deal – one of the biggest projects invested overseas by Vietnamese businesses to date.
An increasing number of domestic companies have invested or expanded into foreign countries, said the department, adding that most projects are still small in scale.
The agency forecast that Vietnamese businesses would invest a total of $350 million overseas in 2007, a year-on-year increase of 25 per cent.
The Ministry of Planning and Investment is set to organise a tour to study investment environments in Russia and its neighbouring nations.
2 comments:
How clever they are! They took the money from Khmer and then they pretend to invest that money back in Khmer.
We'll get rid of those leeches.
The Vietcong need to take their money somewhere else!
For the Vietcong to invest in Cambodia is unheard of! If the fucken Vietcong really want to invest in Khmer people and maybe the Khmer Krom people should be better off by now! I
The reason the Vietcong want to invest in Cambodia because they can use AH HUN SEN Vietcong puppet to grow more money for them! Just watches how AH HUN SEN help the Vietcong grow their money in Cambodia every step of the way! And why didn't AH HUN SEN help Cambodian people grow their money too! AH HUN SEN don’t want to bother with Cambodian people because it is the Vietcong who help AH HUN SEN to power in Cambodia! So this is one way for AH HUN SEN to pay his debt to the Vietcong!
AH HUN SEN is the only insurance coverage for the Vietcong investment in Cambodia!
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