Foreign Direct Investment in Vietnam — Awareness and Practical

Hoang Xuan Son, Ho Thi Thanh Truc^*

(1. University of Economics Ho Chi Minh City, Vietnam; 2. University of Finance-Marketing, Vietnam)

Abstract: In the process of industrialization and modernization of the country, foreign direct investment is considered as one of the important factors, contributing significantly to economic growth and restructuring of Vietnam. The foreign-invested business sector increasingly asserts an important role, positively contributes to economic growth, improves the balance of payments, and creates jobs for workers. At the same time, this area also creates a driving force to promote technology innovation, improve business management methods, enhance competitiveness and promote the process of economic restructuring in Vietnam in recent years.

Key words: foreign direct investment; economic restructuring; industrialization; modernization

JEL code: P2