Vietnam targets $52.5 billion in FDI

The government needs $150 billion to support its economic growth targets until 2010 and 35% of that is expected to come from foreign investors.

The government of Vietnam is targeting an average gross domestic product GDP growth of 8-8.5% from 2007 to 2010, and it is counting on foreign direct investments to achieve that goal, according to a senior government official.

ôWe plan to raise $150 billion for economic development to meet the GDP growth target, in which foreign capital accounts for 35% ,ö says Phan Huu Thang, director general of the Foreign Investment Agency of VietnamÆs Ministry of Planning.

Given those goals...

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