The economy outlook of Vietnam in 2018 is looking fairly optimistic with an expected growth of 7.1 percent, according to an Outlook just released by Asian Development Bank.
As of February 20, 2018, FDI projects have disbursed US$1.7 billion, up 9.7 per cent over the same period of 2017, according to a report just released by the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
According to high-profile economic Prof. Nguyen Mai, it is the Law on Investment of Vietnam that enables Vietnam to successfully attract foreign investment capital and rapidly issue procedures for businesses.
Thermoelectric sector scored a successful year in attracting foreign investment with billion - dollar projects in the top 10 largest FDI projects in 2017.
With increasing incentives, a better legal framework and stronger competitive advantages, Vietnam's real estate market has attracted a significant influx of capital from both local and foreign investors in recent years.
In the period from 2016 to 2020, four key projects calling for FDI capital include Nguyen Binh Khiem - Vu Yen island road tunnel project, split-level junction project of Ho Sen, Rao Bridge 2- Nguyen Van Linh, Hai Thanh Bridge (on the Ring Road 3), section from provincial road No.353 to Tan Vu - Ben Lam intersection, according to Hai Phong Investment, Trade and Tourism Promotion Center.
According to the Ministry of Planning and Investment of Vietnam, foreign direct investment (FDI) disbursement in 2017 is estimated at US$17.5 billion, a 10.8 per cent year-on-year increase.
Although the Foreign Direct Investment (FDI) segment has significantly contributed to the development of Vietnam economy, many of its drawbacks must be taken into consideration.
Economic growth of Vietnam in 2017 is anticipated 0.5 per cent higher than the previous forecast (6.2 per cent).
Vietnam attracted US$33.09 billion in registered foreign direct investment (FDI) during the first eleven months of the year, an 82.8 per cent increase over the corresponding period last year.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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