Chairing a meeting of the working group in charge of promoting foreign investment in Hanoi on July 23, Deputy PM Minh, who is also the group’s head, said Vietnam has become one of the most attractive destinations in the world thanks to its competitiveness, business climate reform, and effective response to the Covid-19 pandemic.

Deputy Prime Minister and Foreign Minister Pham Binh Minh speaks at the meeting.

He highlighted the need to identify challenges in foreign investment cooperation as well as adopt solutions to attract capital.

The deputy PM hailed the Ministry of Planning and Investment, ministries, and localities for proposing measures to lure high-quality projects to the country.

The working group was asked to look into the criteria on technology and environmental protection so as to draw investment selectively and efficiently, with priority to be given to projects using advanced and clean technology, applying modern governance methods, and facilitating technology transfer and links with global production and supply chains.

He also called for special attention to be paid to developing domestic enterprises, via incentives.

Between now and year’s-end, the working group will focus on three key tasks: promoting investment, offering policy consultations, and advocating for Vietnam and its business environment.

Bac Giang’s FDI enterprises recover after Covid-19 pandemic

(BGO) – Due to the impact of Covid-19 pandemic, many foreign direct investment (FDI) enterprises in Bac Giang province have recently suspended or stopped the operation and business activities. For nearly one month when the pandemic is well controlled, the companies have regained the production and business as a good signal for the provincial economic growth.  

Hanoi licenses 235 new FDI projects from January-April

Hanoi licensed 235 new foreign-invested projects with a total registered capital of VD324 million in the first four months of 2020.

Vietnam attracts US$12.33 billion worth of FDI in four months

Foreign direct investment (FDI) flows into Vietnam reached US$12.33 billion in the first four months of 2020, equivalent to 84.5% of the value recorded in the same period last year, according to the Ministry of Planning and Investment.

Vietnam attracts 8.55 billion USD of FDI in Q1

Foreign investors’ capital into Vietnam has totalled 8.55 billion USD so far this year, 21% less than the same period last year, according to the Department of Foreign Investment of the Ministry of Planning and Investment.

Bac Giang gives priority to supporting industries in FDI attraction

(BGO)- In recent years, the provincial authorities and sectors in the northern province of Bac Giang has implemented a number of measures to attract foreign direct investment (FDI). In which, the supporting industry projects applying high technologies have been given priority instead of the processing and assembling projects to raise budget revenues and boost the province’s economic growth.

Source: NDO