Vietnam could open some services sector earlier than WTO commitments
11/02/2009

 

Opening the door to some service fields earlier than WTO commitments is one of the measures to attract FDI between 2009 and 2010, offered at the government’s periodic meeting by Ministry of Planning and Investment.

 

Opening the door to some service fields earlier than WTO commitments is one of the measures to attract FDI between 2009 and 2010, offered at the government’s periodic meeting by Ministry of Planning and Investment.

These service fields include health, culture, education, post and telecommunication, maritime, and aviation.
The weakness of Vietnam’s infrastructure system is an important factor and a cause of worry for the foreign investors, especially water and electricity supply system, roads, and seaports.

In addition, the infrastructure system of new economic zones such as Chan May, Nhon Hoi, Nam Phu Yen has been developed too slowly compared with the demand for FDI projects, causing obstacles for the FDI disbursement.

The ministry confirmed that there should be high priorities for water supply and drainage projects, environmental sanitation, expressway, railway service, and new energy projects.

In the past three-years, the actualised FDI reached US$23.6 billion and the ratio of FDI and total social investment capital has increased from 16.2% in 2006 to 24.8% in 2007 and 44% in 2008, reported the ministry.

Source: VNBusinessNews