Vietnam attracts foreign investment, but technology transfer remains lowVietNamNet Bridge - One of the major purposes of Vietnam attracting foreign direct investment (FDI) in the last 30 years is to receive technology to be transferred by foreign investors. However, according to the 2016 World Economic Forum, the efficiency of technology transfer from foreign invested enterprises (FIEs) in Vietnam is surprisingly low. Analysts, when comparing the number of FDI projects and technology transfer contracts, found there were only 600 technology transfer contracts out of 14,000 FDI projects, or 4.28 percent. Regarding the quality of transferred technology, a report from MPI showed that more than 80 percent of FIEs use medium level technology, 14 percent low technology and only 5-6 percent use high technology. A technology transfer cycle is considered complete when the transferee can master the technology and develop the technology.

Source: VietNamNet News October 04, 2017 05:03 UTC