Vietnamese businesses invest $19 billion abroad

Vietnamese companies invested in 68 projects in 21 nations and territories with a total capital of US$894 million in the first seven months this year, taking the total to US$19 billion.

Of the capital in the seven months, US$608.9 million has been disbursed, according to the Foreign Investment Department under the Ministry of Planning and Investment.

So far, Vietnamese enterprises have invested in 890 projects in 63 nations and territories with the total registered capital reaching US$19 billion.

Most projects concentrate on oil and gas exploration and exploitation, telecommunication, rubber planting and banking.

The largest project is a US$355.2 million telecommunication network in Tanzania of Viettel that is one of the leading mobile network operators in Vietnam. The group is also working on another US$170 million project in Burundi.

The year second largest abroad project is an $80 million rubber planting project in Cambodia by An Dong Mia Company.

Tay Ninh Rubber Company has invested US$64.7 million abroad, Dau Tieng Kratie $63.8 million and Tan Bien Kampong Thom $62 million.

The investment capital of the other ones averaged $1.58 million each.

By Anh Thu, T. Trinh– Translated by Hai Mien

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