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VIETNAM'S AGRICULTURAL SECTOR MISSING OUT ON FDI FLOW.
HANOI, Nov 3 Asia Pulse - The agriculture-forestry-fishery sector accounted for only 0.5 per cent of the FDI capital registered in the first ten months of 2008, according to Vietnam's Ministry of Planning and Investment.
In the period between January and October this year, only 42 projects worth US$300 million out of a total of 953 FDI projects with US$58.3 billion, were invested in this sector, which is now hungry for new capital and technology.
The sector attracted 7.4 per cent and 5.3 per cent of the total FDI capital in the country in 2006 and 2007, respectively.
The current situation makes the goal of US$1.5 billion in FDI for agriculture by 2010 seem impossible to attain.
According to the Institute of Policy and Strategy for Agricultural Development, the majority of investors in the sector are small and medium-sized businesses with investments of US$2 million or less, resulting in their projects ...
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Source: HighBeam Research, VIETNAM'S AGRICULTURAL SECTOR MISSING OUT ON FDI FLOW.