Efforts to Improve Quality of FDI Flow into Vietnam

Foreign direct investment (FDI) in Vietnam has become a driving force to boost Vietnam’s economic growth and international integration, however, attracting and managing FDI has shown shortcomings.

 

Investment by trans-national companies into the hi-tech field remained minuscule, some FDI projects using backward technologies hurt the environment; the localization rate and industrial products’ added value was low while the usage of land and mineral resources was wasteful. Average incomes of laborers in foreign-invested enterprises, particularly in industrial production, were far below expectations.

 

Besides, though Vietnam’s investment and business climate has gradually ameliorated, many hindrances exist undermining the country’s competitive-edge against regional countries. Under the spotlight are unclear and inconsistent state policies, lack of incentives to promote hi-tech investment and under-developed infrastructure systems, particularly transport networks, seaports and chronic power shortages. Most recently, the vibrant development of assorted economic sectors has resulted in critical dearth in quality human resources.

 

To deal with these burning issues, the Ministry of Planning and Investment urged Vietnam Investment Review, Foreign Investment Agency, and the Centre for Foreign Investment Studies to host the workshop: “Solutions to boosting and improving the quality of FDI flows into Vietnam”, taking place on March 15, 2012 in Hanoi’s Daewoo Hotel. Reed Tradex, Asean’s leading exhibition organizer, is the workshop’s diamond sponsor.

 

Around 150 representatives from central stage agencies and local governments, international organizations as well as domestic and foreign investors and experts will attend the meeting and delivering speeches.