Mr Phuc announced this at a seminar held by the Ministry of Planning and Investment in
Minister Vo Hong Phuc said that over the past 20 years, the foreign-invested sector has strongly developed and expanded, becoming an important part in the national economy, contributing greatly to the success of the Doi Moi (Renewal) process. So far, the country has licensed more than 9,500 foreign investment projects with a total registered capital of US$98 billion. Around 8,590 of them are still operational and have a total investment of US$83 billion.
The industrial and construction sectors make 61 percent of the total registered capital, service sector 34.4 percent and agro-forestry and farm produce 4.6 percent.
In the first working session under the theme “Foreign investment in the economic renovation process”, Deputy Minister of Planning and Investment Truong Van Doan said that around 82 countries and territories are currently investing in
The foreign-invested sector’s export turnover also increased sharply, higher than the country’s average rate, making an important contribution to raising the country’s export turnover.
Mr Doan added that foreign investment capital has increased rapidly, especially during the 2006-200 period while disbursed capital has increased slowly over the past few years. Foreign investment in such fields as agriculture, forestry and seafood remains low, especially investment in technologies from developed countries like the
Minister of Justice Ha Hung Cuong affirmed that it is easy to see the changes and development of
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