Vietnam to Disburse US$100B in FDI Next Years: Deputy Minister
Vietnam targets to disburse US$100 billion in foreign direct investment (FDI) in the next years, Deputy Minister of Planning and Investment Cao Viet Sinh said.
In 2010, the Southeast Asian country will continue boosting the FDI disbursement and luring in high-tech FDI projects Deputy Minister Sinh was quoted by the Dau tu magazine as saying.
This year the country expects to attract a total pledged FDI of between US$22 billion and US$25 billion and disburse US$11 billion of that amount, Sinh noted.
Vietnam disbursed US$10 billion in FDI in 2009 despite of the global economic downturn, he added.
The country estimates to pull in US$177 billion in pledged FDI to date. (Investment)
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