VN makes record in attracting foreign investment
VNGOP – In the first five months of 2007, Vietnam made a record in attracting foreign investment, with a total capital up to US$ 5.2 billion. A growth rate of over 30% was also obtained in various fields such as capital disbursement, export, and budget contribution.
A Vietnam-based factory of the Japan Mitsui group
A factor for Vietnam to attract the record investment in the first half of 2007 is that the Government has opened some sensitive fields for foreign investors. For example, foreign businesses and economic groups were permitted to found their trade companies in Vietnam to engage in import and export of marine products, garments, and electronic spare parts.
Among over 400 foreign investment projects licensed in the first half of this year, many big one were made in disadvantaged localities like Thái Nguyên, Hà Giang, Cao Bằng, and Sơn La. However, the site clearance remains the worst challenge to the implementation of many projects.
In the first five months of 2007, about US$ 2.1 billion were transformed into factories, facilities and machinery. Though increasing by 30% against the same period of last year, this figure just accounts for one third of the set plan. Facing this reality, the Ministry of Planning and Investment intends to submit to the PM to issue in the time to come a direction on foreign investment attraction and the list of national investment projects 2006-2010 to make use of good chances for the country.
By Xuân Hồng
