Vietnam to Enhance Investment Promotion in Foreign Countries

Vietnam to Enhance Investment Promotion in Foreign Countries

Vietnam will open investment promotion agencies in the US, Japan, and some European and Asia Pacific countries to encourage investors in these countries to invest more in Vietnam.

The Ministry of Planning & Investment will coordinate with the Ministry of Foreign Affairs to work out detailed plans to send investment promotion officials to these countries to submit to the Prime Minister in the second quarter of this year.

Vietnam has so far only focused on opening trade promotion centers in foreign countries.

The country is expected to attract total Foreign Direct Investment (FDI) capital of between US$4.2 billion and US$4.5 billion this year, against nearly US$4.2 billion registered during last year, according to the Ministry of Planning & Investment. The total realized FDI capital is projected at US$3.1 billion in the year, up 10.71 per cent.

The country 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.

Investment