Illustrative image (Source: VNA)

Da Nang (VNA)
– Researchers, scientists and students from Vietnam, Japan, the Republic of Korea (RoK) and China shared experience, new ideas and research outcomes about widespread impacts of foreign direct investment (FDI) in developed and developing countries at a forum in the central city of Da Nang on May 26.

The 7th Academic Alliance Exchange Forum was jointly held by Dong A University (Da Nang), Nagasaki University (Japan), Dong-A University (the RoK) and Huaquiao University (China).

The participants also touched upon the trend of FDI in the market, and proposed solutions to attract more FDI flows into Vietnam, thus fostering the country’s socio-economic development through job generation, technology transfer and experience exchange.

According to economists, Vietnam’s per capital income increased from 1,120 USD in 2009 to 1,990 USD in 2015. The figure is forecast to reach 12,745 USD in the future.

Member countries of the Association of Southeast Asian Nations (ASEAN), especially Vietnam, are expected to become an attractive destination for foreign investors thanks to their good performance in international integration as well as improvements in the business environment, they said.

The experts revealed that an increase of 1 percent in the FDI flow will help Vietnam expand its GDP growth by 0.243 percent. Therefore, they suggested the country address such macroeconomic difficulties as inflation, bad debt and high inventory level.

Vietnam also needs to roll out solutions to synchronously develop socio-economic and educational infrastructure, in parallel with improving investment polices and creating a more competitive investment climate to attract investors.-VNA