Vietnam reaps fruits of 30 years of FDIVietNamNet Bridge - Thirty years have elapsed since Vietnam ratified the Foreign Investment Law in 1987. The chair of the Vietnam Association of Foreign Invested Enterprises Association (VAFIEs), Nguyen Mai, commented that foreign invested enterprises (FIEs) have made great contributions to Vietnam’s export turnover by exporting valuable processed and manufactured products. Bac Ninh province, for example, has shifted from an agricultural to an industrial province with industry and service value now accounting for 92 percent. Hi-tech manufacturingLe Hoai Quoc, head of HCMC Hi-tech Park (SHTP) Management Board, said that SHTP attracted $7 billion worth of investment in the last 15 years, including $5.3 billion worth of FDI. Experts from Standard Chartered Bank have predicted that Vietnam will continue seeing strong FDI inflow this year, especially in the manufacturing sector.

Source: VietNamNet News March 23, 2018 05:15 UTC