(VOVworld) - Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs.
Writing on the blog of the World Economic Forum on Friday, Prime Minister Nguyen Tan Dung stressed Vietnam is working hard to become even more appealing to foreign investors. He said Vietnam is doing so by vigorously renovating the business and investment climate, and by recognizing that the FDI sector is an integral part of the economy – essential to restructuring the economy and raising national competitiveness.
He wrote that last month, there were more than 16,300 active FDI projects in Vietnam that have totally pulled in a total of 238 billion USD. These investors came from 100 countries and territories, and many of them are some of the world’s leading multinational corporations. The figures indicate that Vietnam has become a destination of choice for foreign investors.
Mr. Dung explains Vietnamese success story. First, Vietnam has been securing socio-political stability, and is known to be one of the most dynamic economies. Despite the many difficulties the country faced between 2011 and 2013, GDP growth still rose by 5.6%. Several international forecasts suggest that this trend will continue in 2014-2015 and beyond.
Second, Vietnam is now in a period of golden population structure 60% of its population are working age. The country is a market economy, a member of the WTO, and a party to multiple frameworks for international economic integration, including free trade agreements with partners both within and outside the region. In particular, the country is part of the Trans-Pacific Partnership negotiations.
Third, the Vietnamese government is committed to creating a fair and attractive business environment for foreign investors, and constantly improving its legal framework and institutions related to business and investment.
Mr. Dung said in the medium and long term, Vietnam will continue in its efforts to attract and efficiently use FDI inflows to advance socio-economic development. The Vietnamese government will ensure a stable social, business and investment environment and protect the legitimate rights of foreign investors in Vietnam.