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Vietnam invests US$10.8bln overseas
Vietnam committed a total of US$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 US$3.4 billion worth of investment, followed by Cambodia with US$2.1 billion and Venezuela with US$1.8 billion.
Other countries attracting large-scale investment from Vietnam include Russia, Peru, Malaysia, and Mozambique ranging from US$345 to US$776 million.
In 2011, Vietnam licensed 75 outbound investment projects in 26 countries and territories, and adjusted investment capital for 33 investment projects, the Foreign Investment Agency said.
New overseas investment in 2012 is expected to reach US$2.12 billion, with large-scale projects in the energy and communication sectors.
Some of the biggest overseas projects this year will include the US$806 million Se San II hydropower plant in Cambodia, an expansion of an operation worth US$408 million by military-run Viettel company in Peru, and the US$275.2 million Se Kong 3 hydropower plant in Cambodia.
Last year, State-owned enterprises invested US$950 million in investment projects in other countries
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