Vietnam firms invest $2.65b overseas

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Vietnamese companies are increasingly investing overseas, especially in Laos, Cambodia, Myanmar and Russia, with their investment reaching $2.65 billion in the first quarter of 2013, according to the Vietnam Investment Review.

Of the total, $720.7 million came from 22 newly-licensed projects and the remainder was additional capital from existing projects, according to the Foreign Investment Agency under Vietnam’s Ministry of Planning and Investment .

Notably, the Russia-Vietnam Oil and Gas Joint Venture (Rusvietpetro) decided to increase its investment in a Russia project by $1.4 billion, and the Vietnam Chemical Corporation (Vinachem) added $518.9 million to its salt mining project in Laos.

Most Vietnamese firms are keen on mineral exploration, information and communications, property and restaurant services.

They registered to invest in 12 countries and territories in the first quarter of this year. By end-March 2013, they poured investment in 742 projects with a total registered capitalisation of $15.5 billion.

So far, Vietnamese businesses have invested in 59 countries and territories, with 227 projects worth over $4.2 billion in Laos, and 129 projects worth $2.7 billion in Cambodia.

About $3.8 billion has been disbursed, including $2.9 billion in the oil and gas industry, nearly $500 million in rubber plantation, $400 million in hydro-electric power plants and $249 million in the telecom sector.

 



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[caption id="attachment_8350" align="alignleft" width="300"] Vinachem warehouse[/caption] Vietnamese companies are increasingly investing overseas, especially in Laos, Cambodia, Myanmar and Russia, with their investment reaching $2.65 billion in the first quarter of 2013, according to the Vietnam Investment Review. Of the total, $720.7 million came from 22 newly-licensed projects and the remainder was additional capital from existing projects, according to the Foreign Investment Agency under Vietnam's Ministry of Planning and Investment . Notably, the Russia-Vietnam Oil and Gas Joint Venture (Rusvietpetro) decided to increase its investment in a Russia project by $1.4 billion, and the Vietnam Chemical Corporation (Vinachem) added $518.9 million...

Vinachem
Vinachem warehouse

Vietnamese companies are increasingly investing overseas, especially in Laos, Cambodia, Myanmar and Russia, with their investment reaching $2.65 billion in the first quarter of 2013, according to the Vietnam Investment Review.

Of the total, $720.7 million came from 22 newly-licensed projects and the remainder was additional capital from existing projects, according to the Foreign Investment Agency under Vietnam’s Ministry of Planning and Investment .

Notably, the Russia-Vietnam Oil and Gas Joint Venture (Rusvietpetro) decided to increase its investment in a Russia project by $1.4 billion, and the Vietnam Chemical Corporation (Vinachem) added $518.9 million to its salt mining project in Laos.

Most Vietnamese firms are keen on mineral exploration, information and communications, property and restaurant services.

They registered to invest in 12 countries and territories in the first quarter of this year. By end-March 2013, they poured investment in 742 projects with a total registered capitalisation of $15.5 billion.

So far, Vietnamese businesses have invested in 59 countries and territories, with 227 projects worth over $4.2 billion in Laos, and 129 projects worth $2.7 billion in Cambodia.

About $3.8 billion has been disbursed, including $2.9 billion in the oil and gas industry, nearly $500 million in rubber plantation, $400 million in hydro-electric power plants and $249 million in the telecom sector.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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