Asia Tech Wire (July 8) -- Vietnam has missed out on billions of dollars of investment from multinational companies including Intel and LG Chem due to a lack of sufficient investment incentives, the Ministry of Planning and Investment said in a document.

Intel had proposed investing $3.3 billion in a project in Vietnam and asked for 15% "cash support" from the country, but later decided to move the project to Poland.

LG Chem also skipped Vietnam and invested in a battery project in Indonesia.

Many large groups have recently begun to explore investment opportunities in Vietnam, but have subsequently decided to move to other countries because of the lack of regulations on investment support in Vietnam, the document said.