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.
In the first five months of this year,