Vietnam attracts 20 billion USD of FDI in first half

Vietnam attracted more than 20 billion USD in foreign direct investment (FDI) in the first half of this year, up 5% from last year.

Japan topped the list of 87 countries and territories invested in Vietnam with 31% of the total amount and followed by the Republic of Korea and Singapore.

Economist Nguyen Minh Phong said: We are on the right track, although we are still slow in international integration and participation in global chains. We need foreign enterprises with leading brands and high value products who are ready to transfer their technology to Vietnam. We should improve ourselves to be able to receive it. Investment promotion should be conducted more professionally and target markets which are strong in technology, branding, and products.

Source: VOV5