Over 600 local and foreign delegates attended at the 2nd Vietnam Investment Forum opening on Monday to partly discuss issues on economic and financial system reform to lure more investment in Vietnam.

To facilitate local and foreign investors, the Vietnamese government has pledged to fully implement its international economic commitments, speed up administrative reforms and ensure transparency, Vietnamese Finance Minister Vu Van Ninh said at the annual forum's opening ceremony.

During the two-day forum co-organized by the Euromoney Conferences and the State Capital Investment Corporation, the delegates are focusing their discussions on Vietnam's opportunities in the post-WTO (World Trade Organization) period, banking system reform, state-owned enterprise equalization, and financial market development.

Vietnam needs investment of some 140 billion U.S. dollars in its socioeconomic development from 2006 to 2010.

Source: Xinhua