HANOI, Jan. 20 (Xinhua) -- Foreign investment inflows to Vietnam will likely reach 36 to 38 billion U.S. dollars this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Disbursement of foreign investment is expected to hit 22 to 23 billion U.S. dollars in 2023, local newspaper Vietnam News reported on Friday, citing the agency.

Vietnam would give priority to projects using new and green technologies, with high added value, modern corporate governance and high spillover effects, ensuring technology transfer and being integrated with global supply and production chains, according to Minister of Planning and Investment Nguyen Chi Dung.

To attract more foreign investment, he said, it is important to stabilize the macro economy, and improve infrastructure and the quality of human resources.

Economic expert Le Dang Doanh suggested Vietnam accelerate administrative reforms, improve the investment environment, and ensure policy stability.

Last year, Vietnam attracted a foreign investment of some 27.72 billion U.S. dollars. The disbursed FDI capital hit nearly 22.4 billion U.S. dollars, making it the highest amount in the past five years, according to the General Statistics Office.