• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
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  • Cao Bang
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  • 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
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  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

VN looks abroad for opportunities

VNGOP – Vietnam is accelerating its external investments in a bid to expand outlets for its products and slash production and transportation costs.

June 21, 2007 7:12 AM GMT+7

The Department for External Investment administered by the Ministry of Planning and Investment, said in the first five months of this year, Vietnamese businesses launched 15 projects in other countries, worth a total of nearly US$ 90 million. According to the department Vietnamese companies are running 200 projects overseas to the tune of US$ 1.059 billion.
Almost all offshore investments have been faring well, the department said, adding, however, that they have been small in size due to Vietnamese enterprises’ modest financial capacity and investment experiences.
Vietnam’s total external investment for this year is expected to reach US$ 300 million, with a particular focus being placed on Laos, the department said.
Vietnamese businesses are also preparing to jump into ventures in oil and gas in Venezuela and Cuba in line with cooperation agreements signed during Party General Secretary Nông Đức Mạnh’s visits to these countries.
Vietnam has so far invested in 33 countries and territories, with the majority being poured into Laos at a figure of US$ 461 million or 44.7 percent of the country’s entire overseas invested capital.
To date Vietnam's offshore investments have mostly been in the fields of oil and gas, services and construction materials, consumer goods, agro-forestry and seafood.

(Source: VNA)