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Vietnam need more capital for infrastructure development

by VTV27 March 2017 Last updated at 12:00 PM

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Vietnam need more capital for infrastructure development
VTV.vn - Vietnam is leading the region in the trend of infrastructure development. However, the country still needs 480 billion USD to build power plants and highways to meet the development demand from now till 2020.

According to Bloomberg, in the past few years, Vietnam has spent 5.7 percent of its GDP annually on infrastructure development, the highest percentage in Southeast Asia, doubling the number of that in the Philippines, and triple of that in Malaysia and Thailand. This investment has helped Vietnam attract a record high foreign direct investment of nearly 16 billion US dollars last year. The World Bank also forecasts that Vietnam's economy will grow by more than 6% in the next two years making Vietnam one of the countries with highest GDP growth in this decade.