Did you know that in Viet Nam, the net flow of foreign direct investment increased from USD1billion in 2003 to USD10 billion in 2008, and that by 2015 reached USD23 billion? Or that the total value of exports rose from USD2 billion in 1990 to USD72 billion in 2010, to reach USD162 billion in 2015? These impressive figures highlight the country’s robust economic success, providing a boost to the economy and employment.
These accomplishments are largely due to the reforms undertaken by Viet Nam since Doi Moi in 1986 which liberalized the economy, attracted foreign investment, fostered exports and reduced poverty. To prepare for reform, Viet Nam received extensive technical assistance from the international community, including from the United Nations Industrial Development Organization (UNIDO), well before 1986 and, more precisely, since 1978.
For more than 35 years, UNIDO has been sharing international best practices to help Viet Nam develop inclusive and sustainable industry. With more than USD100 million in expenditure, UNIDO’s technical cooperation activities have been carried out across a broad range of fields, including support to the private sector and technical and industrial research organizations, facilitation of technology transfer, trade capacity-building, human resource development, environmental protection, energy efficiency, investment promotion and responsible business practices.