Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Vietnam   News  >>   Investment  >>   Vietnamese FDI funds get boost
NEWS UPDATES 30 August 2010

Vietnamese FDI funds get boost

Related Stories

August 17, 2010
PepsiCo to invest US$250M in Vietnam
  

August 3,2010
Vietnam foreign investment down

July 2, 2010
 FDI projects examined by  Vietnamese

June 22, 2010
Economic indicators improving in Vietnam

The Ministry of Planning and Investment is working with provinces and cities nationwide to speed up disbursement of funds for foreign – invested projects as many are behind schedule.

Many localities in recent years have granted investment permits for many large-scale projects that have registered capital of more than US$1 billion each, according to Nguyen Thi Bich Van, deputy head of the MPI's Foreign Investment Agency.

The disbursement rate at many of these projects has been very low, with some not disbursing capital at all.

Localities are currently reviewing some projects to identify problems and solutions faced by investors and to find solutions.

Withdrawal of project licences will occur if investors fail to prove their ability to carry out projects.

Van said difficulties in land clearance and poor infrastructure had been the primary reasons for the sluggish progress.

In addition, infrastructure systems were weak and incomplete, which had increased production costs for enterprises and affected investor commitment.

Because of the global economic downturn last year, many investors faced financial difficulties and could not complete their projects according to plan.

Some investors, however, failed to begin work because of poor technical competence, and decided to transfer their project to other investors, she said, adding that other investors, particularly local ones, would lose opportunities if this continued.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com