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| "Time to invest in Vietnam" said by President of General Electrics ASEAN. |
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| March 11, 2009 |
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Business leaders have said investors should look beyond current difficulties to take advantage of the lower cost of investment in Vietnam.
Speaking at a meeting of international chief executive officers in Ho Chi Minh City early March, one of the business leaders, Stuart Dean, President of General Electrics ASEAN, said, ?If you are a long-term investor, it would be a good time now to invest in Vietnam.?
Minister of Industry and Trade Vu Huy Hoang said prices of construction materials have fallen by 30 percent from a year ago. Easier and cheaper access to bank loans is another plus for investors, he said. Vietnam expects to attract foreign investment worth US$20-25 billion this year.
Foreign investors have committed $5.3 billion in the first two months, $1.5 billion of it in new projects, he said.
(LookAtVietnam) |
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