Vietnam’s businesses canvass investment chances abroad

Posted on 26 February 2010

VNBusinessNews.com – A number of Vietnamese businesses are expanding their activities in foreign markets that offer promise and less competition.The Hoang Anh Gia Lai Group plans to invest 200 million USD in minerals and industrial crops in Cambodia .Meanwhile, the Thu Duc Housing Development Joint Stock Company has spent 6 million USD to buy a number of villas and houses in the US during the

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Vietnam’s businesses canvass investment chances abroad

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making