Vietnam attracts more FDI

Vietnam attracts more FDI

HANOI: Vietnam has decided to increase the number of private
business sectors open to foreign investment in an effort to
attract more capital into the country, official media reported on
Friday.

The Saigon Giai Phong (Liberation Saigon) said the Ministry of
Planning and Investment had increased to 35 the number of
business sectors in which foreign investors could invest in
privatised Vietnamese firms from a previous 11.

The paper did not give a full list of sectors, but said they
ranged from agriculture to forestry to fishing, product
processing, science and technology, health care and education.

It will be effective from May 25, which limits foreign
investment to a maximum of 30 percent of an enterprise's
registered capital.Reuters