Six Factors Block FDI Inflows to Vietnam: Ministry
The Ministry of Planning and Investment (MPI) has highlighted in a recent survey six reasons that prevent foreign direct investment (FDI) inflows to Vietnam.
The reasons are incomprehensive law system, cumbersome administrative procedures, underdeveloped infrastructure and transport systems, high input, high expenses for land and ineffective investment promotions.
Vietnam attracted a total pledged foreign direct investment (FDI) of US$21.48 billion in 2009, down 70% from a year earlier.
This year, Vietnam aims to attract between US$22 billion and US$25 billion and disburse around US$11 billion in FDI, the MPI said. (Vietnam Economic Times)
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