Vietnam poised for jump in outbound investment (29/12)
06/08/2010 - 209 Lượt xem
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But the figure could end up much higher since state giant PetroVietnam and its affiliates had signed agreements for some large oil and gas projects in Asia and Latin America, it said. The ministry’s Foreign Investment Agency (FIA) said Vietnamese investment abroad had grown remarkably in recent years, with $968 million now invested in 30 countries and territories in sectors like petroleum, hydropower, and plastics. This year alone investments worth $347.3 million had been approved by the ministry. Most projects were doing well. Phan Huu Thang, FIA head, said the government’s drawn-out investigation into investments abroad and unsympathetic laws were the major obstacles to enterprises’ plans. However, these issues were set to be addressed soon under a recent government direction enabling local entrepreneurs to do business abroad, he said. But some $424 million has been invested in Laos alone, indicating that most overseas investment is still concentrated within the region. Analysts said enterprises should not concentrate just on neighboring markets but should try to expand into developed nations. Investing abroad helped Vietnamese enterprises build their trademarks internationally and gain experience, they said. |
