vietnam-targets-525-billion-in-fdi

Vietnam targets $52.5 billion in FDI

The government needs $150 billion to support its economic growth targets until 2010 and 35% of that is expected to come from foreign investors.

Rita Raagas De Ramos

October 31, 2007

The government of Vietnam is targeting an average gross domestic product GDP growth of 8-8.5% from 2007 to 2010, and it is counting on foreign direct investments to achieve that goal, according to a senior government official.

ôWe plan to raise $150 billion for economic development to meet the GDP growth target, in which foreign capital accounts for 35% ,ö says Phan Huu Thang, director general of the Foreign Investment Agency of VietnamÆs Ministry of Planning.

Given those goals for economic expansion and fund raising, attracting foreign direct investment FDI is a top priority for the government, says Thang, who made the comments at the Funds World Vietnam 2007 conference being held in Ho...

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Southeast Asia