Vietnam forecasts record FDI
With the government stepping up efforts to attract more manufacturing-related investments, Vietnam expects to see $16 billion disbursed FDI.
According to the Deputy Minister of Planning and Investment, disbursed FDI in Vietnam in 2017 will exceed $16 billion. This will be a record compared to last year's $15.8 billion disbursed capital. In addition, compared to last year's $24.4 billion of pledged FDI, Vietnam will see an incease to $28 billion.
The Deputy Minister added that the goverment is looking into drawing more FDI into export-oriented industries, as well as in energy and high-tech.
Regardless of the continuous uncertainty over the TPP, Vietnam is still on the investors' radar thanks to low wages and a young and hardworking workforce. With the continuous inflow of investors, the World Bak is predicting that until 2019 the country's annual GDP growth will be exceeding 6%.
Original source