Last updated: Thursday, May 16, 2013
Outbound Investment Hits US$10.8 Bln in 2011Posted: Saturday, January 07, 2012
Vietnam committed a total of US $10.8 billion of investment in 627 projects in 55 countries and territories around the world by the end of last year, according to the Foreign Investment Agency (FIA).
Laos tops the list as the most appealing investment destination, receiving US $3.4 billion worth of investment, followed by Cambodia with US $2.1 billion and Venezuela with US $1.8 billion.
Other countries attracting large-scale investment from Vietnam include Russia, Peru, Malaysia, and Mozambique ranging from US $345 to US $776 million.
In 2011, Vietnam licensed 75 outbound investment projects in 26 countries and territories, and adjusted investment capital for 33 investment projects, said FIA.
New overseas investment in 2012 is expected to reach US $2.12 billion, with large-scale projects in the energy and communication sectors.
Last year, State-owned enterprises invested US $950 million in investment projects in other countries.