Foreign direct investment in Vietnam

Abstract

After years of high growth rate, Vietnam''s economy has the sign of slowdown and been uncompetitive. The threats of being lagged far behind regional countries are available. It is due to chronical weaknesses of Vietnam''s economic structure and (socialist factors of economy), as well as current government policies. Foreign direct investment (FDI) is an important external capital resource for development of Vietnam, but inappropriate policies prevent the effective utilization of FDI. Vietnamese automobile industry, fostered by private FDI, is example of uncompetitive industry