Vietnam has set a target of attracting about US$20 billion in foreign direct investment (FDI) in 2011, with US$11-12.5 billion expected to be disbursed, the Foreign Investment Agency (FIA) has said.
According to the agency, the FDI situation will see some changes next year as the country will concentrate on raising the quality rather than the quantity of FDI projects.
Vietnam will attract FDI projects selectively, with a focus on projects in infrastructure and those using hi-tech and green technology and those that are capable of making products of competitive advantages.
The attraction will also be focused on projects that make export goods, develop supporting industries, and can join the global value chain.
Inspection of licensing and operation of FDI projects will be accelerated. Large-scale projects and those that use huge areas of land, a great amount of natural resources and energy, and cause environmental pollution, will be inspected carefully to ensure that domestic resources are used effectively.
Approximately US$18,595 billion of foreign direct investment was pumped into the country during the year, of which US$11 billion was disbursed.
The figure accounted for 82.2 percent of the 2009 figure, lower than the Government’s 2010 target of US$22-25 billion.
In 2010, FDI enterprises contributed US$3.1 billion to the State coffers, an increase of 26 percent over last year. So far, the FDI sector has created jobs for more than 1.9 million laborers.
