More than 400 overseas vietnamese enterprises operate in Vietnam
HANOI - More than 400 overseas Vietnamese enterprises with a total capital of VND 400 billion (US$
27.7 million) are operating in Vietnam under the Domestic Investment Law.
The enterprises are mostly involved in export-import, advertising and tourism. In addition, Vietnamese nationals living outside
Vietnam have invested US$ 200 million in 50 projects under the Foreign Investment Law.
Almost 2.7 million Vietnamese nationals live in more than 100 countries and territories worldwide, including more than one
million in the United States.
Of these, 400,000 have finished university and post-graduate education and many hold key posts in economics and high-tech
sectors.
Most of them wish to contribute to the national construction process and about 200 scientists and lecturers return home to give
lectures or work as consultants for domestically-invested projects each year.
Overseas Vietnamese remit about US$ 1.2 billion to help their relatives in Vietnam through banking services annually and the
State has incentive policies including tax exemption for money transfer, preferential air fares and investment to encourage this
practise.
An experiment approved by the Prime Minister Phan Van Khai for Ho Chi Minh City will allow overseas Vietnamese to buy
and own houses, and overseas Vietnamese lecturers and athletes will be invited to teach and compete in the city.
The Committee for Overseas Vietnamese says the policies and measures undertaken by the State show not only that the State
considers overseas Vietnamese an inseparable part of the Vietnamese nation but it also encourages them to contribute to
national construction and development.
Vietnam News Agency - December 4, 2000.
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