The decision by Prime Minister Pham Minh Chinh includes 29 economic, eight social and five environmental criteria that assess the impact of FDI on economic development, considering factors like capital, growth, operational performance, technology, tax contributions, spillover effects and links to domestic enterprises.
The 29 economic metrics fall under six categories: scale and contribution to socio-economic development (eight indicators), operational efficiency of foreign-invested enterprises (10 indicators), state budget payment from the foreign investment sector (three indicators), spillover effects of foreign investment (two indicators), technological advancement in the foreign investment sector (two indicators) and contribution to Vietnam’s innovation capacity (four indicators).
The eight social indicators evaluate the social impact of foreign investment, focusing on job creation, worker income, gender equality, and legal compliance. These are split into three groups: job creation and worker income (six indicators), gender equality (one indicator) and legal compliance in the foreign investment sector (one indicator), a domestic media outlet reported.
FDI worth over $4.33 billion was registered in Vietnam in January this year—a rise of 48.6 per cent year on year.
The five environmental indicators assess the environmental impact of foreign investment projects, along with the sustainability measures adopted by businesses.
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