The Ministry of Planning and Investment (MPI) plans to carry out activities to attract more foreign investors in 2007.
The ministry will send more delegations to key destinations such as Japan, the EU, the US and Taiwan, and will open representative investment promotion offices in Japan, the US and Germany.
The MPI suggested the Prime Minister issue a list of national projects seeking foreign direct investment (FDI) in the 2006-2010 phase. It also urged localities to provide investors their lists of projects to help them easily make decisions.
Last year, around 400 delegations of investors comprising of multi-national groups arrived in Vietnam to explore the market and look for business opportunity. Meanwhile, the country held investment promotion seminars in a number of countries including Japan, the US, the UK, Belgium, Luxemburg, Spain, France, China and the Republic of Korea.
The year of 2006 marks a breakthrough for Vietnam in attracting FDI, as the country pulled in US$10.2 billion, a record level far beyond the year target of US$6.5 billion.
The Vietnamese government is now trying its utmost to complete legal and administrative systems, as well as infrastructure networks, to improve its business environment.
The Southeast-Asian country looks to attract some US$10 billion in FDI this year, replacing the target of US$9.2 billion proposed earlier, according to a report by the MPI to the Government. Of the sum, US$7.5 billion is expected to come from newly-licensed projects and the rest from existing ones.
The ministry expects FDI disbursement to rise to some US$4.5 billion in 2007 from last year’s $4.1 billion.
VNA, STD
Vietnamese
