Many foreign managers have found Vietnamese workers like to lead a comfortable life and hate to work extra hours even though the company pays them.
Difficulty in site clearance is also cited by many foreign investors for slower project implementation, as some farmers are unwilling to leave their land or not satisfied with the compensation.
To better utilize the FDI capital, the Vietnamese government has vowed to speed up the FDI disbursement. The MPI has set the target to reach disbursement of about ten billion dollars this year. It is conducting studies on the advantages and challenges facing Vietnam in continuing to attract the FDI capital.
MPI has also decided to hold regular open talks with foreign investors to hear their concerns and try to deal with the problems effectively.
Although the nationwide FDI disbursement ratio is low in Vietnam, there are some provinces well prepare themselves for the implementation of foreign-funded projects.
According to the Department of Planning and Investment of the country's southern Dong Nai Province, its FDI disbursement rate currently stands above 50 percent. In the first half of this year, one real estate project began construction five days after the investment license was issued.
(Xinhua News Agency July 22, 2008)
