Vietnam attracts more development investors

CA- Vietnam has moved quickly in the process of international economic integration since 1993.

In an article on November 28, the French daily newspaper Le Figaro noted that during the 20-year renewal process Vietnam has annually maintained a high economic growth of 7 percent to become a middle income nation and rank second in the world’s largest rice and coffee exporters.

With a population of 85 million and political stability Vietnam has attracted increasing attention from donors and private investors, Le Figaro said.

It quoted Vietnam Deputy Minister of Planning and Investment Cao Viet Sinh as saying during his visit to France that the Vietnamese Government was strongly committed to eliminating poverty, reducing inequality and differences between urban and rural areas and coping with climate change in 10 years.

Deputy Minister Sinh said that the Government wants to promote and modernize the market economy, complete legal system and restructure State-owned enterprises and financial system.

According to Le Figaro, since 1993 Vietnam has received US$64 billion in bilateral and multilateral aid and has already disbursed more than half of the amount. Vietnam’s GDP reached US$103 billion in 2010.

The French Development Agency (AFD) is placed third among donors for Vietnam, after Japan and the Republic of Korea.

From now to 2013, France will provide 1 billion euro in preferential loans for Vietnam’s infrastructure and agricultural development.

Vietnam is also the third largest customer of AFD, after Tunisia and Morocco.