Southern region aims to attract more FDI

Officials in charge of investment and trade and industry in southern provinces and cities have met with Vietnamese trade counsellors overseas to shares experiences in attracting foreign investment.
Officials in charge of investment and trade and industry in southern provinces and cities have met with Vietnamese trade counsellors overseas to shares experiences in attracting foreign investment.

At the conference held in Binh Duong southern province on Dec. 27, participants were informed about foreign businesses’ interest in investment in Vietnam in general and in each southern locality in particular.

They showed their optimistic about the increasing flow of foreign direct investment (FDI) into Vietnam in 2011, with southern provinces to play the leading role.

The conference agreed that however there is much to be done to improve the connectivity between domestic agencies and Vietnamese trade promotion offices abroad. Local authorities should provide more information on their investment attraction policies and conditions of infrastructure and human resources.

According to the Ministry of Planning and Investment, the country attracted 18.6 billion USD in FDI in 2010 despite the global economic slowdown.

Binh Duong province alone, with good technical infrastructure, saw nearly 1 billion USD poured into 104 newly-licensed projects and 135 existing projects. The province so far has 2,006 FDI projects with a combined registered capital of 13.7 billion USD./.

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