Domestic Vietnamese Companies Invested $900 Million Overseas This Year

VietnamOf pledged investments of approximately $2.93 billion by Vietnamese companies, approximately $900 million have been invested in projects overseas. In 2010, private and state owned companies have invested in 25 countries in 107 projects according to the Ministry of Planning and Investment.

The Ministry of Planning and Investment reported that Vietnamese companies’ investments of $900 million was invested as follows: $700 million was invested in oil exploration and extraction projects, $53 million was invested in the retail trade, $70 million went into agriculture projects, $25 million was invested in energy, and $33 million was invested into telecommunications. Most of these investments have not brought any income into Vietnam because they are still in the beginning stages.

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