FDI disbursement forecasted to reach record high

by VTV406 August 2017 Last updated at 13:58 PM

(Photo illustrated: Thanh Hai/kinhtedothi.vn)
(Photo illustrated: Thanh Hai/kinhtedothi.vn)

VTV.vn - According to the Ministry of Planning and Investment, the disbursement of foreign direct investment (FDI) this year is forecasted to reach a record high exceeding 16 billion US dollars. That's higher than 15.8 billion USD of last year.

The forecast is attributable to Vietnam's efforts to attract foreign enterprises to open factories in the country. This shows that Vietnam is leaving the shadow of the TPP's delay, and is taking advantage of its low-cost labour and young population.

In the future, Vietnam aims to attract more FDI in the energy and high technology sectors by improving its business environment. The World Bank forecasted that Vietnam's economic growth will exceed 6% from now to 2019, which is among the highest in the world.

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