Illustrative image (Source: VNA) Hanoi (VNA) - Foreign directinvestment (FDI) inflow to Vietnam is expected to increase in 2017, said DoNhat Hoang, Director of the Foreign Investment Agency under the Ministry ofPlanning and Investment.
The most important task for Vietnam is to select projects proper for thecountry’s development plans, such as those in hi-tech industries and othersusing environment-friendly and energy-efficient technologies and equipment, hesaid.
Chairman of the Vietnam Association ofForeign Investment Enterprises Nguyen Mai agreed that an improvement would beseen in the FDI inflow to Vietnam this year.
He cited the agency’s statistics as sayingthat FDI disbursement in 2016 was estimated at 15.8 billion USD, a record highand up 9 percent year-on-year.
Newly-licensed projects and those raisinglevels of capital also increased by 27 percent and 51 percent, respectively, hesaid.
The association’s vice chairman Nguyen VanToan emphasised the importance of breakthrough policies that could help thecountry attract more FDI in hi-tech industries.
Investment promotion activities should betargeted at countries and territories experienced in developing hi-techindustries, he said.
The agency’s report revealed that up to 64percent of FDI registered in the country in 2016 was pumped into manufacturingand processing while automobile and motorbike wholesale, retail and repair andreal estate industries accounted for 8 percent and 7 percent of the nation’stotal FDI, respectively.
The Republic of Korea remained Vietnam’sleading source of foreign investment with 7 billion USD (28.8 percent of thetotal). Japan came second with 2.58 billion USD (10.62 percent), and Singaporewas third with 2.41 billion USD (9.9 percent).
HCM City led cities and provincesnationwide in attracting FDI, luring 3.42 billion USD (14 percent of thetotal). The northern port city of Hai Phong came next with 2.98 billion USD(12.26 percent). Hanoi, Binh Duong and Dong Nai followed with 2.79 billion USD,2.36 billion USD and 2.23 billion USD, respectively.-VNA
The most important task for Vietnam is to select projects proper for thecountry’s development plans, such as those in hi-tech industries and othersusing environment-friendly and energy-efficient technologies and equipment, hesaid.
Chairman of the Vietnam Association ofForeign Investment Enterprises Nguyen Mai agreed that an improvement would beseen in the FDI inflow to Vietnam this year.
He cited the agency’s statistics as sayingthat FDI disbursement in 2016 was estimated at 15.8 billion USD, a record highand up 9 percent year-on-year.
Newly-licensed projects and those raisinglevels of capital also increased by 27 percent and 51 percent, respectively, hesaid.
The association’s vice chairman Nguyen VanToan emphasised the importance of breakthrough policies that could help thecountry attract more FDI in hi-tech industries.
Investment promotion activities should betargeted at countries and territories experienced in developing hi-techindustries, he said.
The agency’s report revealed that up to 64percent of FDI registered in the country in 2016 was pumped into manufacturingand processing while automobile and motorbike wholesale, retail and repair andreal estate industries accounted for 8 percent and 7 percent of the nation’stotal FDI, respectively.
The Republic of Korea remained Vietnam’sleading source of foreign investment with 7 billion USD (28.8 percent of thetotal). Japan came second with 2.58 billion USD (10.62 percent), and Singaporewas third with 2.41 billion USD (9.9 percent).
HCM City led cities and provincesnationwide in attracting FDI, luring 3.42 billion USD (14 percent of thetotal). The northern port city of Hai Phong came next with 2.98 billion USD(12.26 percent). Hanoi, Binh Duong and Dong Nai followed with 2.79 billion USD,2.36 billion USD and 2.23 billion USD, respectively.-VNA
VNA
