Trung revealed that a number of projects invested in by Vietnamese businesses in foreign countries and territories, with large amounts of registered capital, were under negotiation and expected to be competed this year.

The total registered capital of projects invested in abroad by Vietnamese businesses this year would be higher than that of last year, Trung predicted. Despite the global economic slowdown, the country last year licensed 89 projects for overseas investment, and approved the lifting of the charter capital of another 20 projects to nearly US$2.5 million.

He also antiticipated that this year, Vietnamemse businesses would be interested in mining, industrial crop cultivation, exports, imports and processing industries when they invested abroad.

This year, traditional markets including Laos, Cambodia, Russia, Malaysia an Algeria will remain attractive destinations for Vietnamese investors. However, businesses will also expand their investments to the US, the Republic of Korea, and Singapore.

VNS