Ministry Highlights FDI Obstacles in Vietnam

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Feb. 3 – Vietnam’s Ministry of Planning and Investment has enumerated six obstacles to foreign direct investment in Vietnam based on a survey.

Businesses cite Vietnam’s legal system, cumbersome administrative procedures, underdeveloped infrastructure and transport systems, high input, high expenses for land and ineffective investment promotions as reasons that hinder investment in the country.

Vietnam wants to bring in US$22 billion to US$25 billion worth of FDI this year plus around US$11 billion in FDI disbursement. In 2009, Vietnam reported total pledged FDI amounting to US$21.48 billion, 70 percent decrease from the previous period.