Vietnam Striving to Boost FDI Disbursement
The Ministry of Planning and Investment (MPI) says it is making efforts to reach the set target of the foreign direct investment (FDI) disbursement of US$10 billion this year, an on-year rise of 25 per cent.
The ministry will organize a dialogue between its leaders and foreign investors in September to help agencies and localities nationwide timely settle investors&rsquo proposals.
Head of Foreign Investment Department under the MPI, Phan Huu Thang, said it is not easy for Vietnam to make a breakthrough in FDI disbursement due to undeveloped infrastructure.
Thang added that the fast increase in FDI inflow has put great pressure on the Southeast Asian nation&rsquos infrastructure.
Low FDI disbursement is attributed to underdeveloped infrastructure, shortage of high-quality manpower, and burdensome bureaucracy - three bottlenecks-faced by Vietnam, analysts said.
A survey of 140 FDI companies by the Central Economic Management Research Institute earlier this year showed that, 20 per cent of slow disbursement in Vietnam was resulted from changes in Vietnam&rsquos policies, 70 per cent of procedures and administration.
Meanwhile, the remaining surveyed enterprises said it was attributed to the holding companies&rsquo change in business strategies.
Foreign companies disbursed US$5 billion FDI in the first six months of this year, up 37.6 per cent on-year. (VNA)
Vietnamese
