Most of Vietnam's FDI firms using outdated technology

Saigon Hi-Tech Park in HCM City. — VNA/VNS

HANOI (Xinhua): Nearly 85 per cent of Vietnamese companies with foreign direct investment (FDI) are reported to use outdated technology which could reduce the country's probability of achieving its stated goals of reaching net-zero emissions by 2050, Vietnam News reported on Monday (May 8).

FDI has been a key driver of Vietnam's economic growth as FDI companies account for more than 70 per cent of the South-East Asian country's exports. Vietnam receivedUS$8.9 billion of FDI as of April 20 this year, down 17.9 per cent from a year earlier, according to the General Statistics Office.