Six VN businesses allowed to directly invest overseas
The Government has issued Decree No. 135/2015/NĐ-CP stipulating indirect overseas investment.
Accordingly, six organizations are allowed to pour indirect overseas investment including 1- stock market and fund management companies, 2 - stock investment fund via fund management company (stock management fund) and stock investment company, 3- insurance businesses, 4 – commercial banks, 5 – general financial companies, 6 – State capital and investment corporation.
These companies must be granted with indirect overseas investment certificates if they want to invest overseas (except the State capital and investment corporation, stock investment fund and stock investment company).
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Stock investment fund and stock investment company may directly invest overseas when allowed by authorized agencies.
Vietnam has invested in 63 countries and territories in 891 projects worth nearly US$20 billion. Laos ranks first among Vietnam’s investment partners housing 249 Vietnamese projects worth US$7.4 billion, followed by Cambodia with 161 projects with a registered capital of US$3.4 billion.
Vietnam has 55 projects in Singapore, 22 in Myanmar and 19 in Russia. Most of the projects focus on mining, agriculture, forestry, fisheries, telecommunications and technology.
Viettel, Vinamilk, FPT, the Vietnam Rubber Group and state-funded banks are the largest investors, and overseas investment by the private sector and SMEs has been rising.