The FDI sector plays a crucial role in the national economy. (Photo: VNA) The sector has played a crucial role in the nationaleconomy, as reflected through its export turnover, job generation, and theformation of supply chains in such key industries as electronics, machinery,garment-textile and footwear.
Notably, 2023 marked the eighth consecutiveyear Vietnam had run a trade surplus, reaching a record high of 28 billion USD,with the FDI sector contributing a whopping 90% in many major areas.
Specifically, the firms accounted for 99.6% in phones,over 98% in computers, 93% in machinery, and more than 60% in garments-textiles.
Vietnam has been named among the top 20 economieswith the largest trade scale globally, significantly contributed by theFDI sector. The large FDI influx has created a foundation to advance thecountry on the global trade map.
Last year, with 275.9 billion USD, the sector's export earningsequated to 74% of the country’s accumulative export revenue./.
VNA
