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||8 February 2010
Vietnam: Survey identifies reasons blocking FDIs
The Ministry of Planning and Investment (MPI) has highlighted in a recent survey six reasons that prevent foreign direct investment (FDI) inflows to Vietnam, reported VNBusinessNews.com.
The reasons are incomprehensive law system, cumbersome administrative procedures, underdeveloped infrastructure and transport systems, high input, high expenses for land and ineffective investment promotions.
Vietnam attracted a total pledged foreign direct investment (FDI) of $21.48 billion in 2009, down 70 percent from a year earlier.
This year, Vietnam aims to attract between $22 billion and $25 billion and disburse around $11 billion in FDI, the MPI said.
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