(VOVworld) - Vietnam faces new opportunities and challenges this year following the coming into force of its free trade agreements with the Republic of Korea, the Eurasia Economic Union and the establishment of the ASEAN Community. 

Minister of Planning and Investment Bui Quang Vinh said Vietnam should be selective in welcoming foreign investment projects of high quality, modern and environmentally friendly technologies. The Ministry of Planning and Investment’s Foreign Investment Agency reports that there were more than 22.7 billion USD of foreign investment in Vietnam in 2015, a 12.5% increase over the previous year. The Republic of Korea, Japan, Britain and Singapore are the top foreign investors in Vietnam.