Deputy Prime Minister Vuong Dinh Hue at the event (Source: chinhphu.vn) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue chaired a consultationconference in the southern province of Binh Duong on February 14 to discussorientations towards refining mechanisms and policies on foreign directinvestment (FDI) in the new context.
Theoccasion was the final fact-finding trip, following those in Hai Phong, BacNinh, and Hanoi, in order to build a draft project on policymaking to improvethe efficiency of using FDI until 2030, which will be submitted to thePolitburo for consideration by this April.
DeputyMinister of Planning and Investment Vu Dai Thang said that as of January 20,2019, the country had recorded over 27,400 valid FDI projects with a totalregistered capital of nearly 343 billion USD.
A 2017report by the United Nations Conference on Trade and Development said Vietnamwas one of the 12 most successful countries in terms of FDI attraction.
PermanentVice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem affirmedthat mergers and acquisitions, and FDI projects have effectively restructuredsectors in the southern city over the past few years.
Hesuggested that foreign enterprises that deliver on commitments should enjoyincentives, while better financial policies should be issued to attractmultinational corporations and research and development centres in the country.
InternationalFinance Corporation (IFC) Country Director for Vietnam, Laos, and Cambodia KyleKelhofer said FDI now mostly focuses on manufacturing, instead of fields ofadded value such as finance or research and development.
He proposedthat Vietnam should issue mechanisms to woo new-generation FDIs with betterwork skills and governance, while effectively tapping the recent free tradeagreements.
Former ministerof the Small and Medium Business Administration of the Republic of Korea YoungSup-joo said Vietnamese firms should make partnerships with foreign enterprisesin different sectors to expand regional and global markets.
Participantsalso called for renewing education-training to create a high-quality workforce,and choosing eco-friendly and socially responsible FDI.
Concludingthe event, Deputy PM Hue affirmed that the Vietnamese Government has consistentlyrefined mechanisms and policies to lure more FDI, adding that FDI is an activepart of the Vietnamese economy and that Vietnam will cooperate with FDI firms.–VNA
Theoccasion was the final fact-finding trip, following those in Hai Phong, BacNinh, and Hanoi, in order to build a draft project on policymaking to improvethe efficiency of using FDI until 2030, which will be submitted to thePolitburo for consideration by this April.
DeputyMinister of Planning and Investment Vu Dai Thang said that as of January 20,2019, the country had recorded over 27,400 valid FDI projects with a totalregistered capital of nearly 343 billion USD.
A 2017report by the United Nations Conference on Trade and Development said Vietnamwas one of the 12 most successful countries in terms of FDI attraction.
PermanentVice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem affirmedthat mergers and acquisitions, and FDI projects have effectively restructuredsectors in the southern city over the past few years.
Hesuggested that foreign enterprises that deliver on commitments should enjoyincentives, while better financial policies should be issued to attractmultinational corporations and research and development centres in the country.
InternationalFinance Corporation (IFC) Country Director for Vietnam, Laos, and Cambodia KyleKelhofer said FDI now mostly focuses on manufacturing, instead of fields ofadded value such as finance or research and development.
He proposedthat Vietnam should issue mechanisms to woo new-generation FDIs with betterwork skills and governance, while effectively tapping the recent free tradeagreements.
Former ministerof the Small and Medium Business Administration of the Republic of Korea YoungSup-joo said Vietnamese firms should make partnerships with foreign enterprisesin different sectors to expand regional and global markets.
Participantsalso called for renewing education-training to create a high-quality workforce,and choosing eco-friendly and socially responsible FDI.
Concludingthe event, Deputy PM Hue affirmed that the Vietnamese Government has consistentlyrefined mechanisms and policies to lure more FDI, adding that FDI is an activepart of the Vietnamese economy and that Vietnam will cooperate with FDI firms.–VNA
VNA
