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| Impressive FDI Growth wins International Acclaim |
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| March 7, 2009 |
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With US$64 billion worth of foreign direct investment (FDI) flowing into Vietnam last year, the country will still be an attractive FDI destination for foreign businesses in the future, according to representatives of the UN member economies and leading global economic groups.
A report drafted by the UN Conference on Trade and Development (UNCTAD) mentioned that the inflow of FDI into the country has increased significantly, particularly after it joined the World Trade Organization (WTO) in 2007. Its FDI last year hit a record all-time high of US$64 billion.
Delegates from Singapore, Japan and France described Vietnam as a leading FDI destination and an important link in the global economic chain. It also has good medium- and long-term prospects for economic development.
Singaporean Ambassador Tan York Chor said that the Vietnamese Government has issued many radical and pragmatic policies to attract foreign investors. He also noted that Singapore ranks fifth among foreign investors in Vietnam with a total registered capital of US$10 billion and that the country is proud of being Vietnam's partner.
The negotiator for Economic Partnership Agreements mentioned that both Japan and Vietnam are speeding up the implementation of cooperative agreements to boost the flow of FDI into the Southeast Asian nations.
Representatives from leading economic groups such as Holcim, Accor and Nestle also shared the view that Vietnam has great potential for attracting FDI. Vietnam still has a lot of potential for luring more foreign capital and is one of the six most attractive economies for foreign investors as defined by the Global Investment Prospect 2007,? said the Deputy Prime Minister, Hoang Trung Hai.
(VietNamNet/VOV) |
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