VN to enjoy mega FDI project US$5bil this year(18/01)
06/08/2010 - 22 Lượt xem
At a seminar on FDI held in Ha Noi yesterday, head of MPI’s Foreign Investment Department Phan Huu Thang pointed out four attractive reasons for foreign investors to pour money into Viet Nam.
He said Viet Nam has expanded export markets, opened up 11 of 12 service sectors including insurance, banking and telecommunication, created a transparent legal environment in line with the country’s World Trade Organization commitments, and significantly enhanced product quality.
Officials attending the seminar said hi-tech industries, infrastructure development and exports are among the fields enjoying government incentives.
Mr. Thang reiterated the government’s pledge to create favorable conditions for foreign investors, reform financial and banking systems, and improve the quality of human resources and supporting industries.
In 2007, one year after Viet Nam joined the WTO, US$20.3 billion of FDI were poured in the country, including US$18 billion in new projects and US$2.3 billion in existing projects.
The foreign investment mainly went to the hi-tech industry, petrol-chemistry, electricity, seaports, and tourism, equal to 50 percent of the foreign direct investment amount posted in the 2002-2005 period, and 20 percent of the sum recorded in the past two decades.
In other news, an official from the Sai Gon Hi-Tech Park’s Management Board said 40 potential investors are waiting to invest US$700 million into a 132-hectare area in the Park.
In addition, 14 hi-tech service investors have also expressed desires to build facilities in the Park.
Source: SGGP.
