Vietnam eyes bigger realized foreign capital in 2008
7/1/2008 17:24
Vietnam has targeted US$5.5-6 billion in realized foreign direct
investment (FDI) this year, up from US$4.6 billion last year, local newspaper
Vietnam Investment Review reported today.
Foreign-invested enterprises in
Vietnam are forecast to make total revenues of 38.8 billion in 2008, up 16.5
percent against 2007. They are also predicted to gain export turnovers of
US$24.3 billion this year, up 21.5 percent over last year.
To attain the US$
six billion target, Vietnam will remove obstacles preventing foreign investors
from putting their promise into reality, including weakness in infrastructure
network, shortage of skilled workers, incomplete investment legal framework, and
absence of overseas investment promotion offices.
Phan Huu Thang, head of the
Foreign Investment Agency under Vietnam's Ministry of Planning and Investment
said the country's attraction of registered FDI capital in 2008 would as bright
as 2007 on the back of the nation's continued political stability and sustained
economic growth.
Vietnam lured a record FDI of US$20.3 billion in 2007,
bringing the total registered capital to US$83 billion with 8, 590 operational
FDI projects by the end of the year.
Xinhua
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