Overseas Vietnamese Seek Investment Opportunities in Homeland

Overseas Vietnamese Seek Investment Opportunities in Homeland

The Overseas Vietnamese Club (OV Club) in Ho Chi Minh City has said it will kick off on January 6, 2005 a trans-national fact-finding tour for overseas Vietnamese businesspeople to seek investment opportunities early next year.

During the trip, which will last from January 6 to 21, 2005, the delegation will be able to work with authorities of 15 cities and provinces, including Can Tho, Vinh Long, Ba Ria Vung Tau, Ho Chi Minh City, Binh Thuan, Khanh Hoa, Danang and Hanoi.

OV Club will cover all the expenses of the trip.

Overseas Vietnamese investors from around the world have to date been licensed to invest in 118 projects in Vietnam with combined registered investment capital of US$362.66 million, according to the Ministry of Planning & Investment.

Most of the investment comes from investors living in Germany, Russia and France.

However, the investment made by overseas Vietnamese accounts for only a small proportion of the overall foreign direct investment (FDI) capital that the country has drawn in so far.

The total money repatriated by overseas Vietnamese is expected to reach around US$3.8 billion in 2004, compared with a total of US$2.7 billion in 2003.

• T.V