Vietnamese firms pour USD460 million abroad in 11 months

2019-11-29 08:40:32
According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnamese firms poured USD460 million into 177 projects abroad during the January - November period.

A project of the Vietnam National Oil and Gas Group in Peru (Source: PVN)

 

Of the total, 148 new projects attracted USD354 million worth of Vietnamese investment while the remainder came from 29 which raised their capital by nearly USD105 million.

Most of the overseas investment focused on wholesale and retail at USD118 million, 26 percent of the total.

Agro-forestry-fishery and science and technology were the runners-up with USD66 million and USD60 million, respectively. 

Venezuelan ambassador honoured for the cause of political theory training

The Hanoi-based Ho Chi Minh National Academy of Politics (HCMA) has presented the “For the cause of political theory training” insignia to Venezuelan Ambassador to Vietnam Jorge Rondon Uzcategui to recognize his contributions to the academy’s political theory training.

The awarding ceremony in Hanoi

 

At the awarding ceremony, Deputy Director of HCMA Nguyen Viet Thao presented the insignia to the ambassador.

Addressing at the event, Mr. Thao appreciated contributions by Jorge Rondon Uzcategui, the first Venezuelan ambassador to Vietnam, to the fine relationship between the two countries.

The Venezuelan diplomat thanked Vietnamese people for their support to Venezuela during the hard time and affirmed the close friendship between the two countries./.

Viet Nam lures over $25 billion in foreign investment in 11 months

Viet Nam received US$25.1 billion in foreign investment in the first 11 months, up 0.5 per cent month-on-month but down 5 per cent year-on-year, the Foreign Investment Agency (FIA) has said.
09:59:54 | 29/11/2022

2022 a quiet time for M&As

Figures from KPMG show that Vietnam’s merger and acquisition (M&A) market was down sharply in 2022 compared to 2021 both in deal numbers and size. No M&A deal worth in excess of $1 billion has been seen this year. It is forecast that the M&A market will be active once more in the next few years as foreign investors become more involved because domestic money is limited due to rising interest rates and lower liquidity.
21:40:42 | 07/11/2022

Vietnam treasures ties with Belgium: PM

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on November 6 for the newly-appointed Belgian Ambassador to Vietnam Karl Van Den Bossche, during which the host affirmed that Vietnam always treasures its ties with Belgium.
21:32:32 | 07/11/2022

Problems in PPP projects still waiting to be solved

There are still shortcomings in the implementation of public-private partnership (PPP) projects, which need to be resolved promptly and thoroughly, in order to show the attention and support from the State, and create an equal investment environment.
07:52:49 | 02/11/2022

Forum seeks ways to promote Vietnam - U.S. trade in new context

Trade has become a pillar of the growing bilateral relationship between Vietnam and the U.S., Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong said on November 16.
15:48:10 | 17/11/2021

Airborne security force set up to prevent terrorism, illegal interference

The Ministry of Public Security has officially established an airborne security unit under the Immigration Department, which is responsible for preventing and combating terrorist attacks and unlawful interference to ensure aviation security in Vietnam.
15:44:56 | 17/11/2021