The Hanoitimes - Prime Minister Nguyen Xuan Phuc has tasked the Ministry of Planning and Investment (MPI) to hold a conference in early October, 2018 to review 30 years of foreign direct investment (FDI) in Vietnam.
The PM assigned the MPI to ask for approval of the Politburo on holding the conference, while making a report summarizing FDI attraction over the past 30 years. The conference is expected to provide in-depth evaluation of foreign investment activities.
The report will assess major aspects of FDI attraction, including investment in support industry, connectivity between foreign-invested and domestic enterprises, technology and technology transfer, environment, FDI in infrastructure, agriculture and service, state management over FDI, support to FDI firms and plans for future FDI attraction.
Vietnam to review 30-year FDI attraction in October
Foreign investment sector has witnessed dynamic advancements, making positive contribution to the country’s overall achievements, including growth, economic structure transformation, job creation, technology transfer promotion in terms of machinery, equipment, knowledge and management experiences, contributing to international economic integration.
However, there still remains a number of shortcomings such as limited technological transfer, low added values, transfer pricing and violation of environmental regulations by several foreign invested companies.
Earlier in March 2013, the MPI organized a conference to review 25-years of foreign investment. The MPI's report on the 30-year FDI attraction review will inherit the research results from the 25-year review report. At the same time, the report will include survey and assessment of foreign investment status in five years (2012-2017).
To date, the country has attracted nearly 26,000 projects with registered capital of $326 billion, of which an estimated $180 billion has been realized.