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FDI hits US$6.68 bln in five months
In the first five months of this year, Vietnam attracted US$6.68 billion in foreign direct investment from newly-licensed and existing projects, equivalent to one fifth of the figure recorded a year earlier.
According to the Ministry of Planning and Investment, accommodation services (hotels, villas, and up-market apartments) made up nearly 70 percent of the total FDI and the real estate sector 21.7 percent.
Up to 53.2 percent of the FDI was poured into the processing and manufacturing industries. Meanwhile, the agriculture, forestry and seafood sector attracted only two percent – which is much lower than the set targets.
Under the Prime Minister’s instructions, the Ministry of Agriculture and Rural Development has teamed up with other relevant ministries to work out a programme to lure FDI into the field of agriculture and rural development in the 2009-2015 period.
The programme includes a wide range of measures to develop technologies to create high-yield plant varieties and animal breeds, and processing and preserving technologies to raise the market value and hygiene level of food.
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