Vietnam Plans US$55.3Bln for Industrial, Construction Sectors by 2010
Vietnam plans total investment of VND874 trillion (US$55.3 billion) for industrial and construction sectors in the 2006-2010 period, accounting for 44.6 per cent of the combined investment for the whole society, according to the Ministry of Industry.
The projected investment capital will rise by 1.8 folds against the previous five-year period.
Of the total sum, the total foreign direct investment (FDI) for Vietnam’s industrial development in the next five years will be US$13-14 billion.
The industrial sector will focus on processing, diversifying products, and investing more into energy, materials, hi-tech industrial fields, and into supporting industries.
The sector maintained a growth rate of 17 per cent in total production growth in 2005. The private industrial sector’s growth reached 24.6 per cent while that of the foreign invested sector was 20 per cent and the State-run sector, 9 per cent.
Vietnam & World Economy
Vietnamese
