Vietnamese enterprises have invested in projects in 35 countries and territories.
There are also big investment projects in oil and gas exploration and exploitation in
In 2007 alone, a project to explore and exploit oil and gas in
As many as 40.2% of the invested projects abroad and 64.2% of the total investment capital has been invested in industrial sector. Vietnamese investors have also paid attention to investing in agricultural sector (accounting for 21% of the projects and 20.5% of investment capital) and services (39.6% of projects and 5.5% of total investment capital).
Initially, some projects have been carried out quite effectively. For example, by investing US $30 million in two projects to explore and exploit oil and gas by the National Oil and Gas Group, PetroVietnam, in
The Investment Law promulgated in 2005 has overcome these weaknesses. In addition, the Resolution 78/2006/ND-CP has also created more favourable conditions for domestic investors in their investment abroad.
According to forecast by the Ministry of Planning and Investment, in the 2006-2010 period, Vietnamese investors will invest a total of US $1 billion abroad. Many projects invested abroad by Vietnamese businesses are in the process of negotiations. These projects are in sectors such as oil and gas in South-East Asia; electricity in Laos and China; mineral exploitation in Laos; communications in Laos, Cambodia, Hong Kong, Singapore, the US; transport in Singapore, Hong Kong and Russia and import and export and retailing in the US, EU, Japan and China.
This has proved that investing abroad has become a new trend for many domestic businesses.
By HAI THU