The Prime Minister has issued a new decision establishing a set of criteria to evaluate the effectiveness of foreign investment in Vietnam.

The set of criteria is applied to foreign direct investment (FDI) activities as stipulated in Article 21 of the Investment Law.

The set of criteria consists of 29 economic, 8 social, and 5 environmental criteria.

The 29 economic criteria consists of 6 main groups, including investment scale and contribution to socio-economic development; operation efficiency, State budget contribution, spillover effects of foreign investment, technology application, and contribution to promoting innovation capacity of Vietnam.

The 8 social criteria are divided into three main groups, including criteria about job creation and income for workers; gender equality; and legal compliance.

The 5 environmental criteria assess the environmental impact of FDI projects and the measures foreign-invested enterprises take to protect the environment.