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Viet Nam invests $3b overseas   2011-01-03 - VNS

Vietnamese enterprises pumped about US$3 billion into 25 countries and territories last year, according the Ministry of Planning and Investment's Foreign Investment Agency (FIA).

Of the total, $2.93 billion was for 107 new projects. The other $87 million came from nine existing projects that increased their capital levels.

However, actual capital disbursed totalled about $900 million – mainly in the mining industry, in agro-forestry and fisheries, distribution and retail, FIA said.

During the past 12 months, Venezuela attracted the largest share of Vietnamese investment with $1.83 billion. It was followed Cambodia with over $387 million and Laos with $132 million.

FIA director Do Nhat Hoang emphasised the need to monitor overseas investment activities to regulate capital outflow – and keep the economy stable.

Registered capital for overseas investment in 2011 is expected to reach $1.5-2 billion.

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