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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