Foreign direct investment increases within WTO regulations (10/12)
06/08/2010 - 24 Lượt xem
The association of foreign-invested enterprises held a seminar on foreign direct investment in line with WTO commitments in Hanoi on December 7.
Truong Dinh Tuyen, member of the Government’s senior consultant, said foreign enterprises update WTO regulations more constantly than local enterprises. After joining the WTO, Vietnam has made great strides in improving the trade and investment environment in line with WTO regulations. This has created favourable conditions for foreign enterprises in Vietnam.
Experts said local management agencies are facing difficulties in granting investment licenses and implementing the Investment Law and WTO commitments. Meanwhile, State management agencies have different opinions and ways to deal with the same issues.
Goods distribution is considered the hottest topic of discussion at the seminar. When Vietnam entered WTO, it committed itself to opening wider the trade market for foreign investors. This means foreign enterprises are allowed to import and distribute goods to one agent only. But they are not allowed to act ac retailers.
According to the Department of Foreign Investment, the country has so far attracted 15 billion USD in foreign direct investment and is expected to reach 16 billion USD till the end of the year, compared to last year’s 10 billion USD.
Many economic groups, multi-national companies have poured investment into major fields, including electronics, metallurgy, finance, banking and insurance.
Source: VOV
