In 2005 Vietnam clinched FDI to the tune of 5.8 billion US dollars. It was the highest attained figure in comparison to the last 8 years. Out of this total investment around 4 billion US dollars came from some 771 FDI projects, which were then newly licensed. The rest of the invested amount was accounted for by the additional investments, which had been pumped into the existing investment projects.
2005 proved to be a golden year for the foreign entrepreneurs operating in Vietnam. They recorded revenue of 20 billion US dollars. This was the highest figure since 1997, the year of the Asian monetary crisis.
The Vietnamese government engaged itself in a relentless pursuit to perfect its legal framework. It dished out incentives for the foreign investors. It also tried wholeheartedly to fulfill the commitments made before the international community. All these went in building and consolidating the foreign investor's confidence in the economy.
Vietnam succeeded in maintaining a stable socio-political situation. Apart from this Vietnam’s investment promotion activities were professionalized. Years of careful observation, policy formulation and implementation in tune with international and domestic market conditions enabled Vietnam to record a voluminous FDI flow in 2005.