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Moody's official: VN is still an attraction for foreign investors
April 2, 2009
Mr. Thomas Byrnes, Vice President and Senior Analyst in the Sovereign Risk Unit of Moody's Financial Institutions and Sovereign Risk Group said on Apr 2 that Vietnam continues to be an attractive destination for foreign investors.

In his meeting with Deputy PM Nguy_n Sinh Hùng, Mr. Thomas Byrnes informed that, during their working tour to Vietnam in May 2008, Moody's delegates acknowledged the Vietnamese Government's efforts and solutions to curb inflation, stabilize macro-economy and ensure social security. This time, they expect to study impacts of the global economic crisis on Vietnam and the Government's policies and measures to cope with them.

Deputy PM Hùng stated that the Government is willing to discuss recent socio-economic issues, which Moody's are interested in. Promoting investments in social infrastructure, especially transport, irrigation, schools, and hospitals, enhancing sustainable agricultural and rural development, protecting domestic markets, and mobilizing both internal and external resources to assist enterprises are top priorities of the Vietnamese Government to create impetus for the sustainable development in the future?, the Deputy PM stated. He added that Vietnam would pay attention to luring greater FDI and ODA as well as disbursing these capital sources.

(VGP)
 
 
 
 
 

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