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 widespreadimpacts of foreign direct investment (FDI) in developed and developingcountries at a forum in the central city of Da Nang on May 26.
The 7th AcademicAlliance Exchange Forum was jointly held by Dong A University (Da Nang), NagasakiUniversity (Japan), Dong-A University (the RoK) and Huaquiao University (China).
The participants alsotouched upon the trend of FDI in the market, and proposed solutions to attractmore FDI flows into Vietnam, thus fostering the country’s socio-economicdevelopment through job generation, technology transfer and experienceexchange.
According toeconomists, Vietnam’s per capital income increased from 1,120 USD in 2009 to1,990 USD in 2015. The figure is forecast to reach 12,745 USD in the future.
Member countries of theAssociation of Southeast Asian Nations (ASEAN), especially Vietnam, areexpected to become an attractive destination for foreign investors thanks totheir good performance in international integration as well as improvements in thebusiness environment, they said.
The experts revealedthat an increase of 1 percent in the FDI flow will help Vietnam expand its GDPgrowth by 0.243 percent. Therefore, they suggested the country address suchmacroeconomic difficulties as inflation, bad debt and high inventory level.
Vietnam also needs toroll out solutions to synchronously develop socio-economic and educationalinfrastructure, in parallel with improving investment polices and creating amore competitive investment climate to attract investors.-VNA
VNA
