VietNamNet Bridge – By April 2014, Vietnam had 16,323 valid foreign-invested projects, with a total registered capital of 237 billion USD, according to Deputy Minister of Planning and Investment Dang Huy Dong.

Illustrative image (Source: VNA)

Foreign investments have contributed to promoting technology innovation, improving production capacity and economic management in Vietnam, developing high-quality human resources while generating more jobs.

Dong, however, noted that Vietnam should actively work to better its legal system on investment and business, especially simplifying administrative procedures in the fields, in order to draw more foreign investment in the coming time.

In the first four months of this year, the country attracted 4.855 billion USD in foreign direct investment. Capital disbursement by foreign-invested projects reached about 4 billion USD in reviewed period, representing a year-on-year increase of 6.7 percent.

Of the foreign investors, the Republic of Korea topped the list, with both newly-registered and additional capital totaling 1.12 billion USD. It was followed by Japan and Singapore with 531 and 479.1 million USD, respectively.

The southern province of Binh Duong topped the list of FDI destinations, attracting 792.9 million USD, 16.3 percent of the national figure, followed by Ho Chi Minh City (749.1 million USD) and Dong Nai (537.8 million USD).

Source: Vietnam Plus