FDI

Essay specific features

 

Issue:

Business

 

Written by:

Betty B

 

Date added:

January 3, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 616

 

Was viewed:

2846 times

 

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Essay content:

It is estimated that foreign-invested economic sector is contributing 14% to GDP, more than 20% of the total social investment capital and more than 1/3 of the total export turnover of the country (not including crude oil). Over the last five years, the sector has contributed about USD 1 billion/year to the state budget, directly generated about 800,000 jobs and indirectly about 2 million others...
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The international community gives their confidence to Vietnam for her efforts and determination to integrate into the world economically. This confidence was shown at the 2004 Consultative Group meeting of international donors for Vietnam with the amount of committed ODA up to USD 3 billion. Responding to a question of Vietnamese Investment Review's correspondent, Deputy Prime Minister Vu Khoan said: the Vietnamese Government advocates that besides opening the industrial sector to foreign investment, Vietnam would gradually open some service industries such as banking, telecommunications, insurance, health, education and transport according to the committed roadmap...
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