While private enterprises have made more outward investments, state-owned enterprises (SOEs) have been gradually reducing their investments, reported Bizlive.
The Foreign Investment Agency (FIA) reported that Vietnam’s enterprises registered $222.67 million worth of investment abroad in H1, an increase of 11.4 percent compared with the same period last year.
Of this, 70 newly licensed projects had total investment capital of $185.3 million, up 78.4 percent.
|FIA noted the significant increase in number of small and medium projects registered by private enterprises in recent years, which is a contrast to the decrease in number of oil and gas and telecommunication projects by SOEs.|
FIA noted the significant increase in number of small and medium projects registered by private enterprises in recent years, which is a contrast to the decrease in number of oil and gas and telecommunication projects by SOEs.
Translated by Kim Chi
State-owned economic groups had registered 114 outward investment projects as of the end of 2019 with registered capital of $13.8 billion, according to the MInistry of Public Investment.
Outward investments, which fell for a short time because of Covid-19, resumed again after the social distancing policy ended.
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