Criteria for evaluation of FDI efficiency in Vietnam issued
A set of 42 criteria for the evaluation of foreign direct investment (FDI) efficiency in Vietnam has been released following the issuance of prime ministerial Decision 315/QD-TTg.
The set is divided into 29 economic, eight social, and five environmental indicators.
These criteria assess the impact of FDI on economic development, considering factors such as capital, growth, operational performance, technology, tax contributions, spillover effects, and links to domestic enterprises.
Vietnam remains a magnet for FDI. Photo courtesy of VNA.
The 29 economic metrics are divided into six categories, including scale and contribution to socio-economic development (eight indicators), operational efficiency of foreign-invested enterprises (10 indicators), state budget payment from the FDI sector (three indicators), spillover effects of FDI (two indicators), technological advancement in the FDI sector (two indicators), and contribution to Vietnam’s innovation capacity (four indicators).
Meanwhile, the eight social indicators evaluate the social impact of FDI, focusing on job creation, worker income, gender equality, and legal compliance.
They are split into three groups - job creation and worker income (six indicators), gender equality (one indicator), and legal compliance in the FDI sector (1 indicator).
At the same time, the five environmental indicators assess the environmental impact of FDI projects, along with the sustainability measures adopted by businesses.
They comprise the proportion of foreign-invested enterprises implementing energy-saving measures, the proportion of foreign-invested production, business, and service facilities certified for environmental management according to national ISO 14001 standards or international ISO 14001 standards, the growth rate of facilities certified for environmental management under the ISO 14001 or ISO 14001 standards, the proportion of foreign-invested enterprises in compliance with environmental protection laws, and the share of greenhouse gas emissions from foreign-invested enterprises in total emissions from facilities required to report on greenhouse gas inventories.
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