VGP – Participants to a seminar held by the Ministry of Planning and Investment on Wednesday morning agreed on the necessity of developing a set of criteria for evaluating the efficiency of foreign direct investment in Việt Nam.
The set of criteria is expected to help policy makers to have thorough understanding of the FDI inflow so that it will be managed and used more efficiently.
By the end of 2010, the country attracted 12,213 foreign-invested projects with total registered capital of nearly US $193 billion, an increase of 600 times against 1990.
The foreign-funded sector have created one million jobs and contributed nearly one third of the gross domestic product. The sector accounts for over 40% of the total industrial production value and over 30% of the country’s export turnover.
Despite the aforesaid achievements, Việt Nam has yet maximized the FDI efficiency as the majority of FDI projects are small-scalled. The country has not been listed as an investment destination of multi-national companies.
Commenting on the set of criteria, A. Professor, Dr. Ngô Doãn Vịnh, former director of the Development Strategy Institute under the Ministry of Planning and Investment said the FDI efficiency can be measured through labor productivity and contributions to the national economy.
Editor in Chief of the Investment Review Nguyễn Anh Tuấn said the FDI efficiency should be evaluated in terms of job creation and productivity in each period of time.
In a bid to raise FDI efficiency, the participants unanimously agreed that FDI structure should be adjusted toward modernity and efficiency.
By Kim Loan