Vietnamese enterprises increase their overseas investments

According to the Foreign Investment Department under the Ministry of Planning and Investment, there has been a new trend in recent years where many Vietnamese enterprises have boosted the inflow of overseas investments.

After 16 years of attracting overseas investments, Vietnam has accumulated 317 valid overseas projects with a total registered capital of more than US$1.3 billion.  So far, on average, the scale of investment capital has reached US$7.5 million per project. This has also had an impact on the legal framework of Vietnamese enterprises’ overseas investment and their active integration into the world economy. So far, Vietnamese enterprises have done business in 35 territories and countries around the world.

The Foreign Investment Department forecasts that Vietnamese enterprises’ overseas investment capital will reach more than US$500 million in 2008, up 20 percent compared to last year’s figure. This will be the annual over.

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