Vietnam Southern Region Expects More FDI Next Year
Officials from southern provinces and cities have met with Vietnamese trade counselors overseas to shares experiences in attracting foreign direct investment (FDI) in efforts to call for more investments.
At the conference held in Binh Duong on December 27, participants were informed about foreign businesses’ interest in investment in Vietnam in general and in each southern locality in particular.
They showed their optimistic about the increasing FDI inflow into the country in 2011, especially in the southern provinces.
However, local authorities should provide more information on their investment attraction policies and conditions of infrastructure and human resources to attract more foreign investors.
Vietnam attracted $18.6 billion in FDI in 2010 despite the global economic slowdown. Foreign investors disbursed $11 billion in the country during the year, up 11% from a year earlier.
Binh Duong, with good technical infrastructure, attracted $1 billion from 104 newly-licensed projects and 135 existing projects in 2010, raising its total FDI to 2,006 projects with a combined registered capital of $13.7 billion so far. (Vietnamplus)
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