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January 21, 2009

Asia remains Vietnam's largest investment destination
Vietnam has invested in 368 projects, worth about $4.4 billion in foreign countries, Vietnam News Agency reported on Tuesday.

According to the Ministry of Planning and Investment, Asia is Vietnam's largest investment destination, with 257 projects worth $2.85 billion, followed by Europe, America and Africa.

Vietnamese businesses have made the shift from small-scale investments to large overseas projects involving high technology, such as oil and gas exploration and exploitation, and power generation, said the ministry.

The amount of investment in single project has steadily increased in recent years, said the ministry.

Vietnam began investing in overseas projects in 1988.

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