Fdi

The responsibility of state-owned enterprises (SOEs) is to be pioneer in applying technologies and supporting socio-economic sustainable development.

Foreign indirect investment will continue to increase this year and the interest will shift gradually from the bond channel to the stock market.

Vietnam has so far also outlined primary strategies to lure high quality foreign investment until 2030 under a Politburo resolution.

In 2020, Hanoi targets GRDP growth of at least 7.5%.

Hanoi continued to lead nationwide in terms of foreign direct investment (FDI) in 2019, attracting the largest share of capital commitments with US$8.45 billion.

It is no doubt that 2019 was another successful year for Vietnam’s economy, putting the country in a favorable condition to achieve all socio-economic targets set for the 2016 – 2020 period.

There has also been a positive shift in the GRDP structure, with a higher proportion in services, industry and construction sectors, and a lower contribution from the agro-forestry-fishery sector.

The majority of investment capital in Hanoi is under the form of capital contribution and share acquisition with US$6.47 billion.

A strong business community is an essential component of a prosperous country, said Prime Minister Nguyen Xuan Phuc.

The number of small enterprises upgrading to mid-sized and from mid-sized to large ones is very low, while the capital accumulation process among private companies has not been up to standard.