The most important task for Vietnam is to project proper capital for the country’s development plans, such as those in hi-tech industries and others using environment-friendly and energy-efficient technologies and equipment, he said.
Photo for illustration: vietnamnews.vn
Chairman of the Vietnam Association of Foreign Investment Enterprises Nguyen Mai agreed that an improvement would be seen in the FDI inflow to Vietnam this year.
He cited the agency’s statistics as saying that FDI disbursement in 2016 was estimated at USD 15.8 billion, a record high and up 9 percent year-on-year.
Newly-licensed projects and those raising levels of capital also increased by 27 percent and 51 percent, respectively, he said.
The association’s vice Chairman Nguyen Van Toan emphasized the importance of breakthrough policies that could help the country attract more FDI in hi-tech industries.
Investment promotion activities should be targeted at countries and territories experienced in developing hi-tech industries, he said.
The agency’s report revealed that up to 64 percent of FDI registered in the country in 2016 was pumped into manufacturing and processing while automobile and motorbike wholesale, retail and repair and real estate industries accounted for 8 percent and 7 percent of the nation’s total FDI, respectively.
The Republic of Korea remained Vietnam’s leading source of foreign investment with USD 7 billion (28.8 percent of the total). Japan came second with USD 2.58 billion (10.62 percent), and Singapore was third with USD 2.41 billion (9.9 percent).
Ho Chi Minh City led cities and provinces nationwide in attracting FDI, luring USD 3.42 billion (14 percent of the total). The northern port city of Hai Phong came next with USD 2.98 billion (12.26 percent). Hanoi, Binh Duong and Dong Nai followed with USD 2.79 billion, USD 2.36 billion and USD 2.23 billion, respectively.
Source: VNA