Of the investments, USD 96 million was poured into 44 new projects while the remaining USD 53.5 million was pledged to nine existing projects. At a Chinese-invested company in Hung Yen province Vietnam’s outbound investment projects mainly focused on science and technology at USD 81.7 million, accounting for 54.7 percent of the total. The banking sector took second place with total investment of USD 36 million, making up 24.1 percent. It was followed by the wholesale and retail sector with USD 16.4 million, accounting for 11 percent of total investment. Vietnamese firms invested into 23 countries and territories in the period. Spain lured the biggest amount of investment from them with a large scale project of USD 59.8 million, accounting for 40 percent of the total. Cambodia and Malaysia followed with USD 37.9 million and USD 14 million, respectively. Source: VNA … [Read more...] about Vietnamese overseas investment hits USD 150 million
Vietnamese overseas
Vietnamese overseas investment hits 150 million USD
Customers register for services of Unitel - a joint venture between Viettel Global Joint Stock Company of Viettel and Lao Asia Telecom of Laos. (Photo: baodautu.vn) Hanoi (VNA) - The Foreign Investment Agency said in the first four months of the year, Vietnamese firms invested nearly 150 million USD in foreign markets. Of the investments, 96 million USD was poured into 44 new projects while the remaining 53.5 million USD was pledged to nine existing projects. Vietnam’s outbound investment projects mainly focused on science and technology at 81.7 million USD, accounting for 54.7 percent of the total. The banking sector took second place with total investment of 36 million USD, making up 24.1 percent. It was followed by the wholesale and retail sector with 16.4 million USD, accounting for 11 percent of total investment. Vietnamese firms invested into 23 countries and territories in the period. Spain lured the biggest amount of investment from them with a large scale project … [Read more...] about Vietnamese overseas investment hits 150 million USD
Heads of Vietnamese overseas missions help promote the country’s international relations
Head of the Communist Party of Việt Nam’s Central Committee (CPVCC) Commission for Publicity and Education, Võ Văn Thưởng. — VNA/VNS PhotoViet Nam News HÀ NỘI — Head of the Communist Party of Việt Nam’s Central Committee (CPVCC) Commission for Publicity and Education, Võ Văn Thưởng, on Thursday called on the Government’s overseas representatives to further strengthen their roles building a bridge between Việt Nam and the world. Speaking at a meeting with heads of Vietnamese missions overseas in Hà Nội on Thursday, Thưởng said the next three years would be a crucial period with many international affairs and events for Việt Nam. He asked heads of Vietnamese missions and diplomatic representatives to take full advantage of their positions linking Việt Nam globally and to spread the word of the State and Party’s international relations … [Read more...] about Heads of Vietnamese overseas missions help promote the country’s international relations
Tennis match connects Vietnamese overseas
Super serve: The VITAR Open 2018 connects Vietnamese overseas. — Photo nld.com.vnViet Nam News HÀ NỘI — A tennis tournament entitled Vitar Ten Years Open will take place on June 16 and 17 at the Belokamennaya tennis centre in Moscow, Russia. The event is being held to celebrate the 10th establishment of the Việt Nam Tennis Association in Russian Federation (VITAR) (June 2008 – June 2018). The tournament will consist of six competitions: men’s singles/men’s doubles category A, men’s singles/men’s doubles category B, women’s doubles, and mixed doubles. Through its ten years of development, VITAR is considered one of the top sustainable and humanistic associations of the Vietnamese overseas community. Besides tennis activities, VITAR regularly organises and takes part in many philanthropic, humanitarian, welfare and healthcare programmes in the community. Đặng Khánh Thiện, secretary general of … [Read more...] about Tennis match connects Vietnamese overseas
Vietnamese overseas investment exceeds 187 million USD
Vietnamese enterprises invested nearly 184.7 million USD in overseas projects in the first five months of this year, according to the General Statistics Office. Some 144.7 million USD was pumped into 48 new projects, while the rest was earmarked for 14 existing ones. During the period, finance and banking drew the greatest interest from the Vietnamese investors, accounting for over 57 percent of total investment capital, or 105.8 million USD. Major banks such as BIDV, Vietinbank, and Sacombank are seeking to make inroads in new foreign markets. The finance and banking sector was followed by the manufacturing and processing, ago-forestry and aquaculture sectors. From January to May, Vietnamese businesses invested in 24 countries and territories. Among them, Laos lured the lion’s share of investments with 43.4 percent of total funds. Apart from traditional markets such as Laos, Cambodia and Myanmar, Vietnamese businesses are expanding to other markets like Australia, New … [Read more...] about Vietnamese overseas investment exceeds 187 million USD