Under the document, ministers and heads of minister-level agencies, Government agencies and chairmen of the People’s Committees of centrally-run cities and provinces must promptly implement tasks assigned on them earlier in luring foreign investment.

Producing automobile frame at Ford Vietnam factory in Hai Duong.

They were requested to prepare favourable conditions for investment attraction and business activities by promptly completing planning for the 2021-2030 period with a vision to 2050. The Ministry of Planning and Investment was asked to report the feasibility of building a Law on Adventure Investment, while developing a database on Vietnamese enterprises that are able to become suppliers to foreign-invested firms in particular areas.

The Ministry of Labour, Invalids and Social Affairs was ordered to apply policies and measures to enhance skills for workers to meet the demand of foreign investors and encourage them to employ local labourers.

The Ministry of Science and Technology was tasked to submit to the PM a proposal on the supplementation and adjustments to a decision on regulations to import used equipment, machineries and technology chains with simplified procedures within June, while building policies to encourage cooperation in technology transfer.

The Ministry of Information and Communications was assigned to propose a pilot policy and breakthrough measures to draw world leading techfirms to Vietnam, while the Ministry of Finance was asked to review the legal system related to taxation to discover and settle problems, and build a roadmap to apply the global minimum tax rate and submit it to the National Assembly’s sixth session.

The Ministry of Finance, through diplomatic and external channels, was ordered to strengthen the promotion of Vietnamese investment and business environment and the Government’s orientations on sustainable development, thus diversifying investment opportunities with major partners.

In the directive, the PM also clarified specific tasks to particular ministries, agencies. The Government leader also asked localities to develop their technical and social infrastructure system outside industrial parks, export processing zones, and hi-tech parks, while simplifying procedures regarding investment licencing.

The PM also underlined the need to enhance State management efficiency in foreign investment attraction and strengthen supervision and inspection over the work.

PM stresses significance of trust, companionship in partnership with FDI firms

All problems can be solved with trust, sharing, listening, understanding and companionship, stated Prime Minister Pham Minh Chinh on April 22 while a meeting with foreign investors to listen to their opinions and seek measures to remove difficulties facing them.

FDI set to bounce back thanks to investors’ growing confidence

Despite some reductions in attraction of foreign direct investment in the first quarter of this year, Vietnam is expected to see a rebound in this kind of capital for the whole year, with investors’ confidence into the economy continuing to rise.

Bac Giang is the first localities to attract FDI of over 1 billion USD in 2023

(BGO) – In the first three months of 2023, Bac Giang province attracted over 1.1 billion USD of foreign direct invesetment (FDI), accounting for nearly 20.3 percent of total registered investment.

Vietnam should improve attractiveness to Asian FDI

Vietnam should up its infrastructure game to attract more Asian foreign direct investment as the European and U.S. economies continue to struggle, according to experts in the field.

FDI pledges reach 3.1 billion USD in first two months

Total pledges of foreign direct investment (FDI) to Vietnam in the first two months of 2023 were estimated at 3.1 billion USD, down 38% from the same period last year, according to the Ministry of Planning and Investment.

Source: VNA