FDI: Illustration for socio-economic development

Foreign direct investment in Hanoi amounted to 744 million USD in the first four months of 2018.

As many as 40 percent of FDI enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre.

The southern province of Dong Nai absorbed nearly 690 million USD in 76 newly-licensed and existing foreign-invested projects this year to May 17, up 143 percent against the same period last year and fulfilling nearly 70 percent of the annual target.

Ho Chi Minh City is giving the priority to luring new-generation FDI in the fields of high technology and urban development, along with FDI attraction in the four main industries and two traditional sectors.

The foreign direct investment (FDI) sector has become an important part in Vietnam’s economy, with remarkable contributions to the country’s socio-economic development.