MoF to Seek US$45-47Bln from Foreign Sources in 2006-2010
The Ministry of Finance (MoF) has planned to raise US$45-47 billion from foreign capital [the overseas remittance of some US$4 billion a year is excluded] in 2006-2010 period.
Of the total, US$17 billion will come from official development assistance (ODA), $21-22 billion from foreign direct investment (FDI), $6-7 billion from indirect foreign investment and commercial loans and some $1 billion from non-refundable aid.
In addition, the MoF has also put forward many active measures to mobilize foreign capital such as actively finalizing the legal system, enhancing usage and management of ODA capital.
The MoF forecasts that Vietnam’s foreign debts would reach 37.2 per cent of the GDP in 2010.
Vietnam Economic Times
Vietnamese
