HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Firms invest $2 billion in foreign projects
Date: 2/1/2012 7:15:22 AM
Vietnamese companies are investing in more overseas projects, with total registered capital amounting to US$2.12 billion last year, according to figures from the Ministry of Planning and Investment.
The investments were for 75 new overseas projects licensed in 2011, and 33 other projects already operating abroad.
The biggest of the overseas projects were in the energy and telecommunications sectors, an MPI report said.
Major projects licensed in 2011 include the Se San Hydro-Power No. 2 Project in Cambodia with total registered capital of $806 million from the Electricity of Vietnam (EVN); a $408 million telecommunication project invested by the Vietnamese Military Telecommunications Group (Viettel) in Peru; and the $275.2 million Se Kong 3 Hydro-power Project invested by Song Da (Black River) Corp in Laos.
Most of these overseas projects are progressing smoothly. These include a project to cultivate 10,000 ha of rubber trees invested by Dak Lak Rubber Co; a project to cultivate 5,000 ha of rubber trees to be exploited by Hoang Anh – Gia Lai later this year; and a $273 million Senkaman Hydro-power project No. 3 invested in by Song Da Corp. in Laos.
By the end of 2011, Vietnamese firms had invested in 627 projects abroad, with total registered capital up to $10.8 billion.
Disbursements of these overseas projects are estimated at $2.7 billion.
The largest disbursements for overseas investment projects were made by Vietnam Oil and Gas Group (PetroVietnam) with some $347 million remitted, followed by Viettel with $185 million; Song Da Corp. with $161 million; Vietnam Rubber Corp. with $134.6 million; Hoang Anh – Gia Lai Group with $39 million, and Indochina Green JSC with $23.7 million.
Vietnamese companies have been licensed for overseas projects in 55 countries and territories.
In addition to major investments for projects in neighboring countries such as Laos and Cambodia, investments from Vietnamese companies are also in Venezuela, Russia, Peru and Mozambique.
(Source:VNS)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
