Difficulties in FDI disbursement
-   +   A-   A+     25/02/2011

According to BR-VT Department of Planning and Investment, as of early 2011, the whole province has 661 investment projects in force, including 282 FDI projects with a total registered capital of USD27.5 billion, more than 5 times over 20 years ago.

According to BR-VT Department of Planning and Investment, as of early 2011, the whole province has 661 investment projects in force, including 282 FDI projects with a total registered capital of USD27.5 billion, more than 5 times over 20 years ago.

FDI projects have contributed significantly to the economic development of the province, accounting for 50% of export turnover, 25% - 30% of the State budget in the territory, creating jobs for more than 20,000 workers. In particular, many major projects in sea ports, tourism, industrial production, such as SP-PSA International Port, Tan Cang Cai Mep Port, SITV Port, Saigon SSA Port, Posco steel plant, Ho Tram - Asean Coast resort... have became the driving force for growth and economic restructuring, promotion of business and production with a high level of development.

However, transforming sources of registered capital into implement capital only reached a low level. Currently, only about 20% of registered capital to implementation capital. It is due to the fact that many projects have not had "clean land" to implement; time of project implementation extends owing to the procedures for site clearance, compensation, resettlement arrangement and infrastructure investment is more complicated (the fastest project takes from 1-2 years). That does not mention other problems such as site clearance and compensation policies changed several times over the years; unbalanced capital of infrastructure investment by the provincial annual budget.


Read count: 3115 Previous page Back to top
Other news