Economics
 | 10-05-2011 | 00:00:00

Overseas investment continues to increase

Vietnam has granted licenses to 9 new overseas investment projects in April, bringing the country’s total overseas investments in the first four months of this year to US$1.8 billion, according to the Overseas Investment Department.

 

Large-scale overseas investment projects are mainly for energy, rubber plantations and telecommunications.

 

Most notably, the Electricity of Vietnam International Joint Stock Company (EVNI) invested US$800 million in the Ha Se San 2 hydroelectric power project and Chua Se-Kamong Thom Joint Stock Company spent US$31.7 million to plant 4,000ha of rubber in Kampong Thom, Cambodia.

 

(VOVNEWS)

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