The National Assembly's approval of the long-awaited amendments to the Housing Law on November 25 is more significant than previously thought and marks a strong step towards opening up the Vietnam real estate market to overseas investment, property consultant CBRE Vietnam has said in a press release.
Deputy Prime Minister Hoang Trung Hai has proposed that PetroVietnam Exploration Production Corporation (PVEP) focus on mapping out strategies to boost its oil and gas exploration and exploitation overseas.
Vietnamese enterprises have invested US$4.4 billion in foreign countries and territories in 2013, according to the Ministry of Planning and Investment.
(VOV) - Vietnam’s overseas investment aims to boost its economic growth and raise its prestige on the international market. However, it remains limited.
(VOV) - Vietnamese businesses are intensifying investment abroad in the agro-forestry-fishery sector to expand their markets and save production and transport costs.
Overseas investment has fallen by 30 percent compared to the first ten months of last year, despite new investment licences having been granted for nearly 70 projects by the end of October 2012.
Vietnam has granted licenses to 9 new overseas investment projects in April, bringing the country’s total overseas investments in the first four months of this year to US$1.8 billion, according to the Overseas Investment Department.
Many Vietnamese enterprises with low competitiveness in capital and technologies have invested in choosy and emerging markets abroad with high hopes of success.