Foreign investment attraction to grow in both quantity and quality

Update: 21-11-2017 | 17:15:34

Since the beginning of the year, the country has attracted more than $28 billion worth of foreign investment capital, while the whole year plan was about $22 billion. As predicted by the Foreign Investment Agency (Ministry of Planning and Investment), the total registered capital of 2017 could reach about $30 billion, while disbursements could amount to $18 billion. In terms of structure, capital investment in processing and manufacturing sectors accounted for a large share of the total registered capital. This showed that the capital flow was in the right direction, directly participated strongly and contribute actively to the process of production restructuring to improve the proportion of processed goods, thereby heighten product value.

Representatives of the Foreign Investment Agency also said that in recent years, high-tech products of foreign investment sector, such as computers and telephones, reached tens billion of dollars in export turnover, bringing Vietnam into the list of high open economies having high proportion of exports / GDP in the world. In general, the foreign investment sector also regularly accounts for over 70% the country's total export turnover; about 20% of total foreign investment in real estate. This is the key factor of the tourism industry, allowing for continuous net gains; and more importantly, this activity has further accelerated the shift of economic structure towards service-industry-agriculture.

Reported by K.T – Translated by Ngoc Huynh

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Foreign investment attraction to grow in both quantity and quality

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