There have been 13,670 valid foreign direct investment (FDI) projects with a total registered capital of 198 billion USD in Vietnam by December 15th. Deputy Minister of Planning and Investment Nguyen The Phuong told reporters at a media conference in Hanoi on Friday that Singapore continued to be Vietnam’s largest investor with a total registered capital of 24 billion USD, followed by the Republic of Korea, Japan and Taiwan. Ho Chi Minh city remained the largest recipient of FDI worth more than 32 billion USD. Deputy Minister Phuong outlined future tasks: In 2012, efforts should be made to improve the quality and efficiency of FDI projects and enhance FDI-related state management and mechanisms. Priorities will be given to the disbursement and attraction of FDI in line with the next 5 years development plan. FDI in infrastructure, green technology and environmentally-friendly industries will be encouraged”.

The government has issued a directive on strengthening FDI management and adjust related policies to clear obstacles in FDI attraction.