THE IMPORTANT CONTRIBUTION OF FOREIGN DIRECT INVESTMENT INTO SOCIO-ECONOMIC DEVELOPMENT OF THAI NGUYEN PROVINCE

Abstract

The foreign-invested economic sector is an important component of Vietnamese economy. For Thai Nguyen province, the foreign direct investment economic sector has made an important contribution to raising revenue in the budget, restructuring the economic structure, creating a spillover to domestic economic sectors.; increasing the economic growth rate and  the growth rate of industrial production value, boosting exports,  creating more jobs, which reduces hunger and poverty, ensures social security in the province and makesThai Nguyen a bright spot of the whole country in socio-economic development. In this paper, we apply the descriptive statistical method to evaluate the results of FDI. The paper assessed the positive effects of the FDI sector on Thai Nguyen province and negative impacts affecting socio-economic development. Thereby proposing solutions to continue attracting FDI capital to Thai Nguyen province to develop quickly and sustainably.