Vietnam’s oversea investment strategy has targeted to its traditional markets including shared border countries, ASEAN countries, Russia while making first moves into new markets in Eastern Europe, Latin America and Africa, said Investment and Planning Vice Minister Dao Quang Thu.

Vietnam’s oversea investment is on upward trend and focuses on oil and gas, hydro power, natural resources, telecommunications and industrial tree planting, Vice Minister Thu said in an interview with VNA.

Up to date, Vietnam’s registered capital for oversea investment is estimated at about 16.6 billion USD and 4 billion USD implementation capital

The Government has urged Vietnamese investors to put their money into oversea projects which help promote domestic production, services and exports, added Thu.

According to Thu, to lure more investors, the government will update market information on politic climate or investment environment to Vietnamese businesses, while simplifying administrative procedures for investors.-VNA