UNCTAD Hails Vietnam's FDI Attraction
Vietnam is a good example in foreign direct investment (FDI) attraction with its impressive FDI figures, said the General Secretary of the United Nation Conference of Trade and Development (UNCTAD).
Vietnam’s experiences in FDI attraction should be introduced to other countries, suggested UNCTAD General Secretary Supachai Pamitchpakdi at a meeting with Vietnamese Minister of Planning and Investment Vo Hong Phuc in Geneva on May 4.
The official believed that Vietnam would maintain FDI wave in the years to come based on major commitments in 2008.
He also affirmed UNCTAD’s technical assistance to Vietnam in its investment policies, noting that the UN body would support Vietnam in implementing next steps for investment environment improvement.
Minister Phuc hoped that UNCTAD will boost its coordination with Vietnam in luring FDI by providing information of Vietnam’s investment for foreign investors via its programs.
Earlier, Minister Phuc had met with the President of the World Association of Investment Promotion Agencies (WAIPA), Alessandro Teixeira to discuss opportunities and potentials for the cooperation between the two sides.
WAIPA said it will send a delegation of business leaders to the Southeast Asian nation to survey investment conditions.
The international consulting group KPMG in a just-released statement said Vietnam remains an attractive destination for foreign direct investment (FDI) despite the global economic turmoil,
Vietnam is expected to receive US$20 billion of FDI this year compared with US$64 billion pledged for 2008. (The People, People’s Army)
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