The Foreign Investment Agency under theMinistry of Planning and Investment has forecasted that 2010 will be agood year for investing overseas.
After penetrating the Thai and Cambodian realty markets, the Hoang AnhGia Lai Group is implementing joint venture projects to build deluxeapartments and hotels and plant rubber trees in Laos, with acombined capital of 20 million USD.
Another successful business overseas is the military telecomscorporation Viettel. Viettel is negotiating to buy a 60 percent stakein Bangladesh’s mobile phone network Teletalk and a 70 percent stakein Haiti's cell-phone network Teleco. The total investment for thedeals is estimated at 359 million USD.
Viettel launched the Metfone mobile service network in Cambodia inFebruary last year and just one month later along with the Laos AsiaTelecom Company it also launched the Unitel mobile phone network inLaos. At present, Unitel is the largest telecoms service provider inLaos with more than 900 base transceiver stations, making up 35percent of all stations in the country.
Overseas investment from Vietnamese businesses reached a record of7.73 billion USD in 2009, 6 billion of which was poured into Cambodia, which topped the list of 51 countries and territories that havereceived Vietnamese investment capital.
Vietnamese businesses are expanding their activities in developedmarkets like Japan, the US, the Republic of Korea and Singapore.
Their projects, which previously focused on mining, afforestation,hydro-electricity, telecoms and infrastructure construction, are nowexpanding into aviation, banking, insurance and realty.
With the government’s help, Vietnam’s banks have opened branchesin countries where Vietnamese businesses have investment projects tohelp settle capital difficulties and money transfer procedures./.
After penetrating the Thai and Cambodian realty markets, the Hoang AnhGia Lai Group is implementing joint venture projects to build deluxeapartments and hotels and plant rubber trees in Laos, with acombined capital of 20 million USD.
Another successful business overseas is the military telecomscorporation Viettel. Viettel is negotiating to buy a 60 percent stakein Bangladesh’s mobile phone network Teletalk and a 70 percent stakein Haiti's cell-phone network Teleco. The total investment for thedeals is estimated at 359 million USD.
Viettel launched the Metfone mobile service network in Cambodia inFebruary last year and just one month later along with the Laos AsiaTelecom Company it also launched the Unitel mobile phone network inLaos. At present, Unitel is the largest telecoms service provider inLaos with more than 900 base transceiver stations, making up 35percent of all stations in the country.
Overseas investment from Vietnamese businesses reached a record of7.73 billion USD in 2009, 6 billion of which was poured into Cambodia, which topped the list of 51 countries and territories that havereceived Vietnamese investment capital.
Vietnamese businesses are expanding their activities in developedmarkets like Japan, the US, the Republic of Korea and Singapore.
Their projects, which previously focused on mining, afforestation,hydro-electricity, telecoms and infrastructure construction, are nowexpanding into aviation, banking, insurance and realty.
With the government’s help, Vietnam’s banks have opened branchesin countries where Vietnamese businesses have investment projects tohelp settle capital difficulties and money transfer procedures./.
