Vietnamese investor lacking in Laos and Cambodia ? - Samakomlao Main

Members Login

Post Info

TOPIC: Vietnamese investor lacking in Laos and Cambodia ?

Anonymous

Date: Dec 5, 2007

Vietnamese investor lacking in Laos and Cambodia ?	Permalink

VietNamNet Bridge – Unable to encourage outward international investments, Vietnam has given up its position as the number one investor in Laos and Cambodia. In 2005, Vietnam was considered the primary investor in both countries, but relinquished the title to China in 2006. This year, Vietnam ranks third among the biggest investors in Laos, after China and Thailand. The Ministry of Planning and Investment (MPI) thinks Vietnamese enterprises lack financial and technological prowess and management ability is still far behind. In order to regain the No 1 position, they will need Government support. The ministry is drawing up a plan to support and encourage outward investments, expected to be promulgated in the first quarter of 2008. To date, Vietnam has invested in 35 countries and territories, of which Laos tops the list. By the end of November 2007, Vietnam’s 86 Laos investment projects, with total capital of $584mil, amounted to 35% of total projects and 42% of total registered capital. Algeria is the second choice for Vietnamese investors, with 17.4% of total registered capital. The two countries alone have attracted 59.4% of Vietnam’s total outward investment. So far this year, Vietnam has invested in 61 international projects, worth nearly $391mil. As of November 2007, Vietnam has invested in 246 projects, total capital $1.4bil. Investments primarily include industry and construction, oil exploration and exploitation, consumer products, construction materials, all accounting for 41%; agriculture, forestry and fisheries (21.5%), and related economic services (37.5%). It is expected that total outward investments will reach $500mil by 2008. __________________

Page 1 of 1 sorted by

Tweet this page

Post to Digg

Post to Del.icio.us

Create your own FREE Forum
Report Abuse