“The Vietnamese Government is willing to exchange and provide information, as well as listening to and sharing difficulties with investors,” Mr Ninh said.

At the teleconference, which connected Hanoi, Ho Chi Minh City, Hong Kong and Singapore, Minister Ninh and officials from the State Bank of Vietnam, the Ministry of Planning and Investment and the Ministry of Industry and Trade fielded investors’ questions on Vietnam’s solutions to curb inflation.

He reported that Vietnam attracted US$15.3 billion in FDI in the first five months of 2008, up 2.34 times over the same period last year. Its export turnover recorded an annual rise of 30.5 percent. The country also saw increases in rice output in the first months of 2008 and expected to export 4-4.5 million tonnes of rice this year.

Mr Ninh said Vietnam has been carrying out eight solution packages to curb inflation, including tightening monetary policies, boosting industrial and agricultural production, ensuring supply-demand balance in goods, stepping up export and reducing trade deficit, and practising thrift.