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  Foreign Investment

To push quality on using FDI in Vietnam

Recent economic report from the World Bank quotes data showing FDI flowed into Vietnam starts increasing after drop in 2002. August 2003 alone, the already pledged FDI amount reached U$300 million, the highest monthly ever record. The pledged FDI amount in the first eight months of 2003 increased 37 percent against same period of 2002.

However, Homi Kharas chief economist of the World Bank in charge of East Asia and Pacific region reminded that FDI in China was used more effectively than in Vietnam. Reason is that China has admitted WTO and that the FDI sources have helped China restructure its economy in compliance with regulation of the WTO, greatly increasing competitiveness of Chinese economy. Country director of the World Bank in Vietnam, Klause Rohland, also shares the same opinion with Homi.

Vietnam Economy - (27/10/2003)


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