outward investment
Forty-seven outward investment projects have an accumulated loss of $1.048 billion, according to the government’s report on the financial situation of state-owned enterprises (SOEs) and state-invested enterprises, submitted to the National Assembly.
Vietnam invests $12 billion abroad, telcos earn biggest profits
The total outward investment capital registered so far has reached $12.2 billion. The national oil and gas group PetroVietnam, the mililtary telco Viettel, and the Vietnam Rubber Group (VRG) are the biggest outward investors.
Vietnam’s outward investment rebounds
Outward investments, which fell for a short time because of Covid-19, resumed again after the social distancing policy ended.
Vietnamese SOEs’ outward investment projects take big losses
The losses incurred by state-owned enterprises (SOEs) from outward investment projects in 2018 reached $367 million, a sharp increase of 265 percent compared with 2017, a report shows.
Should SOEs make outward investments?
Experts warn that if state-owned enterprises (SOEs) make outward investments, the state would lose capital.