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Official Gazette

Monday, July 22, 2019

Workshop appreciates role of FDI in boosting Vietnam’s economic growth

Updated: 11:08’ - 20/04/2015

Foreign direct investment (FDI) has played an important role in boosting Vietnam’s economic growth, said participants in a workshop entitled “Impact of foreign direct investment on Vietnamese economy,” held in Hanoi on April 9.

FDI has been an important source that directly participated in and promoted the formation of several industrial sectors with a high demand for technology and added-value products, such as machinery manufacturing, energy, computers and telephones, they said.

FDI has also played an important role in the country’s export and import activities over the past years, contributing to ensuring the provision of foreign exchange services as well as the national payment balance.

FDI also helped create conditions for technology transfer, employment of local people and acceleration of the country’s global integration.

Director of the Foreign Investment Agency under the Ministry of Planning and Investment Do Nhat Hoang said FDI helped strengthen the linkage between foreign and domestic businesses, and assisted Vietnam’s economy to integrate deeper into the global economy.

However, some participants pointed out the shortcomings of FDI businesses, such as slow transfer of technology for domestic partners, environmental pollution caused by some FDI projects or tax evasion by some businesses, which cause public concern and affect the investment environment of Vietnam.-


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