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Policies have key role in attracting investment

In Uncategorized on January 12, 2011 at 7:06 am

Policies have key role in attracting investment

QĐND – Saturday, January 08, 2011, 20:29 (GMT+7)

Since the country began implementing the renewal process, policies encouraging investment in Vietnam have made great contributions to attracting Foreign Direct Investment (FDI).

The remark was made at a seminar held in Hanoi on January 7 to evaluate the role of policies on investment encouragement, the influence of FDI on Vietnam’s economy and future adjustment of those policies.

According to the Ministry of Planning and Investment, Vietnam had 12,213 FDI projects with a combined registered capital of US$192.9 billion in the 2001-2010 period. Of the capital, about US$63 billion has been put into operation.

Dr. Nguyen Tu Anh from the Central Institute for Economic Management said that FDI was an important supplement capital source for Vietnam’s economy and contributed to creating jobs as well as boosting exports and economic development of the country.

However, experts to the seminars said that future policies on investment encouragement should be aligned with practical legal frameworks and focus on transferring technologies to domestic enterprises.

Source: VNA

Source: QDND

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