Conference to enlarge inflow of foreign investment
More than 100 representatives from banks, investment funds and businesses both at home and abroad flocked to a conference to promote investment into Viet Nam, which opened in Ho Chi Minh City on September 11.
Nguyen Thi Hong, Vice Chairwoman of the HCM City People’s Committee, introduced major projects that are currently in need of foreign investment.
The official also pledged to speed up reforms in all areas in order to create a more open and transparent investment climate for investors.
Addressing the event, VinaCapital General Director Don Lam attributed Viet Nam’s strong attraction of foreign investment to its young workforce, low labour costs, social and political stability.
Speakers at the conference said foreign investors are now interested in the private sector, infrastructure development and real estate.
During the two-day event, participants will also touch upon issues related to investment opportunities and experiences, difficulties and challenges, and potential businesses in Viet Nam.
Viet Nam has seen an increasing flow of foreign investment in recent years, reaching US$10.2 billion in 2006. The figure exceeded the US$8 billion mark in the first eight months of this year. (VNECONOMY)
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