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June 22, 2008

Vietnam reports over $30bn in FDI inflow in H1
Vietnam attracted $31.6 billion in foreign direct investment in the first half of the year, as against 20.3 billion dollars of the whole 2007, state news agency VNA quoted a senior economic official as saying Saturday.

The figure proved that foreign investors remained confident in Vietnam although its economy was experiencing great difficulty, said Cao Viet Sinh, Deputy Minister of Planning and Investment

The country is likely to attain a gross domestic product (GDP) growth rate of between 6.6 and 6.7 percent in the first six months, said Sinh, adding that the rate helps ensure the targeted growth for the whole year of 7 percent set by the National Assembly.

Also in the six months, the country earned $29.7 billion from exports, said the deputy minister. Minister Mah says cutting petrol taxes not the way to cushion rising oil prices.


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