Vietnam sees the finalisation of legal business and investment corridors as a key means to make it more attractive to investors, Deputy Minister of Planning and Investment Dang Huy Dong has said.

Sharing the view, head of the Foreign Investment Agency Do Nhat Hoang said more needs to be done to reform administrative procedures while improving infrastructure, the support industry and labour training.
Ensuring the benefits of information and biological technology are brought to the farming sector is also a priority, he added.

Chairwoman of the Council of the Taiwanese Chamber of Commerce in Vietnam Liu Mei-teh, meanwhile, voiced her opinion that the territory expects its investors, workers and the Vietnamese Government to reach a common consensus and coordinate more closely for their mutual benefit.

Roman Kuebler, General Director of B.Brauns Vietnam, expressed his hope for a more transparent investment policy, as the company is looking to raise its stake to 270 million USD in the country.

A majority of enterprises here are hopeful that Vietnam will sign a number of trade agreements as planned, Regional Manager of International Finance Corporation for Vietnam, Laos, Cambodia and Thailand, Simon Andrews, declared.

Many localities suggested taking in large-scale foreign-invested projects that produce highly-competitive products, making it easier for them to join the global value chain.

With 101 countries and territories flocking as investors, Vietnam recorded over 16,300 valid projects worth some 237 billion USD as of May 2014.

Last year, the total registered capital annually rose by 36.7 percent to 22.35 billion USD, while 11.5 billion USD went was disbursed, up 9.9 percent.

In the first five months of this year, the foreign direct investment (FDI) inflow hit 5.5 billion USD, with 4.6 billion USD already spent, a year-on-year rise of 0.4 percent.

According to economists, Vietnam still lags behind other regional countries in terms of FDI attraction. Projects in the 100-500 million USD range make up for 1.51 percent while those worth 500 million – 1 billion USD or more account for a mere 0.19 percent and 0.2 percent, respectively.-VNA