Vietnamnews.vnagency.com.vn (06-12-2006)
Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) spoke to Deputy Minister of Planning and Investment Nguyen Duc Hoa about investment opportunities in the central coast region.
Following Viet Nam’s accession to the World Trade Organisation and the capital’s hosting of the APEC meeting, the Ministry of Planning and Investment opened a conference on raising investment for the central coastal region in Quy Nhon City, in the central province of Binh Dinh last month. What is the event’s significance?
After 20 years of renewal, the achievement of attracting foreign investment is remarkable and the foreign invested sector now contributes 55 per cent to the nation’s export value, 36 per cent to industrial production and about 16 per cent to GDP.
However, there are some problems with the country’s development. For example, the development gap between the central regions and other regions is quite large.
In 2005, GDP per person was US$640 nation-wide, while in the central region the index was $364 per person due to low economic development and limited foreign investment.
