The Overseas Private Investment Corporation is particularly interested in clean energy and telecom projects.
The Overseas Private Investment Corporation (OPIC), an agency of
the U.S. government, has announced that it will invest half a billion dollars
into small and medium-sized enterprises in Vietnam in
the next three years.
The plan was confirmed by OPIC President and CEO Elizabeth L.
Littlefield during a seven day trip to discuss investment opportunities in
Myanmar and Vietnam.
“There is immense potential for high-impact development projects
across Asia, especially in clean energy and telecom," Littlefield said in
a statement.
During President Obama’s administration, OPIC has tripled its
investment throughout Asia to $3.9 billion, but its portfolio in Vietnam is
still modest with only a few major projects.
The agency has expressed interest in Vietnam’s private sector and
in projects in the areas of renewableenergy, agriculture and information technology.
Littlefield said that loans can vary from $1 million to $250
million and have a maturity of up to 20 years.
OPIC has invested in Vietnam’s largest barramundi breeding project
worth $4.5 million in the south central province of Khanh Hoa.
Source: Vnexpress
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