Prime Minister Nguyen Xuan Phuc speaks at the VBF 2017 on December 12, 2017 in Hanoi. Photo: Le Tien/Bao Dau thau.
Actual foreign direct investment (FDI) in Vietnam is expected to reach $17.5 billion this year, the highest in the past ten years, up 10.76% from 2016, Prime Minister Nguyen Xuan Phucsaid at a policy dialogue on December 12.
FDI pledges could also hit a record of $35 billion this year, up 30% year-on-year, PM Phuc said at the Vietnam Business Forum (VBF), a platform for dialogues between the government and international donors and investors that has been in place for 20 years.
In his remarks, PM said that the foreign sector is having increasing importance in Vietnam’s socio-economic development, via adding more value to Vietnamese products, job creation, and tax payment.
He informed that Vietnam’s economic growth would hit 6.7% this year, the highest in nearly 10 years.
“Macroeconomic stability, tamed inflation, robust exports, and a palpable recovery of the industrial sector have been important drivers of the economy,” he noted.
(http://bizlive.vn/biznews)
