3:26:37 PM | 7/8/2005
The Prime Minister Phan Van Khai has recently issued an instruction to urge leaders of local cities and provinces and ministries to work out measures to attract more Foreign Direct Investment (FDI) capital.
The Prime Minister insists on reducing and removing trade protection to further open the domestic market in accordance with international economic integration commitments.
The instruction says that any legal documents that go against the Foreign Investment Law and related laws and international commitments will not be issued.
The Prime Minister has asked the Ministry of Planning & Investment to build up a strategy on attracting and utilizing FDI to 2010; remove discrimination between domestic and foreign investment; and encourage all economic sectors, including the FDI sector, to invest in infrastructures.
Vietnam attracted 109 new FDI projects with combined pledged investment of US$1.31 billion in the first quarter of this year, raising the total number of FDI projects in the country to 5,262 capitalized at US$47.72 billion.
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