Vietnam accelerates reforms to further attract FDI, says ADB (14/12)
06/08/2010 - 219 Lượt xem
Ayumi Konishi, Asian Development Bank's Country Director for Viet Nam , said that the key to attract more foreign direct investment (FDI) to Viet Nam is to accelerate the pace of reforms in all areas.
Konishi told Viet Nam News Agency reporter on the eve of the Consultative Group (CG) meeting, scheduled in Ha Noi on Dec. 14-15, that over the past year, Viet Nam has seen a considerable surge of FDI. However, a large past of it is just commitments of investors.
There remains, he continued, a number of concerns and challenges for Viet Nam 's economy, including poor infrastructure, administrative inefficiency, and shortage of qualified human resources.
"Without addressing these issues, Viet Nam will face difficulties in continuing to attract investments, or to turn commitments into actual financial flow," Konishi said.
The ADB official also spoke highly of Viet Nam 's socio-economic development plan in the 2006-2010 period.
"The targets under the plan are ambitious, but achievable, given the momentum gained and the potentials of the economy, particularly of the private sector, provided that the business environment will be improved further," he stressed.
Konishi said that he believed that at the upcoming CG meeting, most donors are considering to step up the level of assistance for Viet Nam .
"I am not in a position to speak for other donors, but that is our expectation for the forthcoming CG Meeting," he said.
Regarding the implementation of ADB-funded projects in Viet Nam over the years, he said, "most of the past completed assistance" has been post-evaluated as largely successful." However, he stressed that Viet Nam needs to enhance its absorptive capacity in order to speed up the implementation of projects.
Konishi confirmed that Viet Nam 's high level of growth and potential for further growth, accompanied by political stability are attracting a large number of potential investors.
Source: VNAgency
