More capital poured into projects abroad
(VOV) - The Ministry of Planning and Investment’s (MoPI) Foreign Investment Department has reported that since early this year, 22 projects have been licensed to operate overseas with a total capitalization of US$720.7 million.
In the first quarter of 2013, the additional increased capital for five Vietnamese projects totaled US$1.9 billion, including US$1.4 billion for a project run by the Vietnam Oil and Gas Group’s (PVN) joint venture company Rusvietpetro, and US$518.9 million for the Vietnam Chemical Company’s salt mine project in Laos.
The reviewed period’s total newly registered and additionally increased capitalization hit US$2.65 billion.
Vietnam’s projects primarily focus on mining, services, and information and communications
Vietnamese businesses have registered to invest in 12 of the world’s countries and territories. The US$1.4 billion poured into Russia—the highest—accounts for 52.7 percent of total overseas capitalization, followed by Laos (20.1 percent) and Myanmar (11.3 percent).
Most of the total investment capital from overseas projects is invested in purchases, goods expenses, machinery and equipment, and services—all of which help increase Vietnam’s export value and its services abroad.