VN disburses US$10 bln in FDI every year

14:21 | 10/04/2015 Investment

Viet Nam has become an attractive destination for foreign investment, with Foreign Direct Investment (FDI) disbursement averaging US$10 billion per year over the past 30 years of renovation.

VN disburses US$10 bln in FDI every year

Photo: VGP/Huy Thang

The information was released at a conference on impact of FDI on Vietnamese economy on April 9.

At the event, professionals highlighted the role and contributions of the FDI businesses in Viet Nam’s exports, saying they have helped guarantee foreign currency supply and strengthen national balance of payments.

FDI businesses have made remarkable contributions to the economic development and State budget by meeting the demands for capital and technology. 

The businesses' exports accounted for two thirds of the nations’ total export turnover and they created three million jobs.

FDI, a crucial resource, directly joins and promotes the forming of a number of value added industries such as machines, energy, computers and phones.

Viet Nam should improve its investment environment to attract more foreign investment, some delegates suggested, adding that the nation needs to accelerate the business and administrative reform in the effort.

Source VGP