Vietnamese firms invest US$849 million abroad
Vietnamese businesses poured US$849 million into 68 investment projects in 21 countries during the first seven months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency reported.
The biggest project is worth US$355.2 million, invested by the telecommunications group Viettel in Tanzania. Viettel also put US$170 million into another telecoms project in Burundi.
So far, disbursement of overseas investments in 2014 totaled close toUS$609 million, expecting to reachUS$1.15 billion by the end of the year.
By the end of July, a total of 890 Vietnamese-invested projects had been granted licenses in 63 countries and territories, with combined registered capital of US$19 billion.
Several Vietnamese businesses, such as Viettel and Hoang AnhGia Lai Group, have recorded profitable returns on their overseas projects.