Investors to grab golden FDI wish list

August 07, 2007 | 17:38

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Foreign investors will soon be presented with a ‘wish list’ of 136 pre-planned foreign direct investment opportunities eligible to bypass lengthy application procedures.

The construction sector will offer investors some golden opportunities

The wish list, categorised into groups including industry-construction, agriculture-forestry-fisheries and tourism-services, was compiled to meet the needs of foreign investors and the nation’s development needs.
“All the listed projects have been given an in-principal approval by the government, so foreign investors can immediately begin planning and implementation,” said an official from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).
The official said that priority would be given to projects that improve the infrastructure and the service sector.
“The priorities on the wish list are suitable with the Vietnamese Government’s commitment to provide further incentive policies to the private sector, which invests its money in building power and water facilities, roads and ports under various forms of build-operate, build-operate-own and build-operate-transfer,” he said.
Prioritised projects in infrastructure development include 16 new expressways, two railway routes, six airports, seven seaports and at least 10 new urban centres.
The MPI estimates that FDI projects in infrastructure grew at 14-15 per cent, double the nation’s economic growth rate.
However, the growth rate must continue to draw more foreign investors into the country.
In addition, to promoting Vietnam’s service sector, the wish list includes 20 resorts and recreational facilities for foreign investors to step into. They include facilities in Halong Bay, Da Lat and Phu Quoc.
The FIA official said that the wish list was a part of the nation’s ambitious plan to attract $24 billion in FDI capital by 2010, and that it was awaiting prime ministerial approval.

vir.com.vn

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