Vietnam attracted more than 20 billion USD in foreign direct investment (FDI) in the first half of 2018.

According to the Ministry of Planning and Investment, after 30 years Vietnam of opening its door to foreign investors, the FDI sector has become an important part of the economy.

To date, the country has attracted nearly 26,000 projects with a registered capital of 326 billion USD. Disbursement is estimated at 180 billion USD.

 Foreign investment accounts for 25 percent of the country’s total investments and contributes 20 percent of GDP. Last year, the sector contributed nearly 8 billion USD to the State budget, 14.4 percent of total revenue.

At present, 58 percent of foreign investments focus on processing and manufacturing, generating half of industrial production value.

Along with creating jobs and increasing the quality of human resources, FDI enterprises have helped transfer advanced technologies to domestic firms.-VNA