Vietnam total investments ly at VND800T in 2010

Of the sum, investments by residence and private will take the lead among sectors with 31.2%, followed by state budget with 22.5% and foreign direct investment with 21.5%, local media reported. In 2009, the country’s total investments for development projects rose 15% from a year earlier to VND708.8 trillion. Vietnam’s total investments for development projects are predicted to rise 15.5% from a year earlier to VND930 trillion in 2011, the Ministry of Planning and Investment (MPI) earlier said. The country will need total investments of VND6,340 trillion for economic development projects in 2011-2015 period, up 1.9 folds in comparison with the sum for 2006-2010, the MPI added. Vietnam’s gross domestic product (GDP) is likely to rise 6.7% from a year earlier to reach VND1,951.2 trillion ($102.2 billion) by end-2010.