An economic expert has stressed the need to propose new policies to lure more foreign resources and investors with great potential and operating in high and source technology, to prioritised areas.

Dr. Bui Van Thach, deputy head of the Party Central Committee’s Economic Commission, told a recent seminar in Ho Chi Minh City that proposing a renovation of the legal framework and policies to create a new breakthrough in this field is very necessary and urgent.

He said that foreign investment has played an important part in Vietnam ’s development and international integration over the past 25 years, driving the country out of difficulties caused by embargo in the past and affirming its current policy of being a reliable friend and partner of the international community.

However, he noted the poor performance of FDI enterprises such as tax evasion, causing environmental pollution and failing to ensure workers’ legitimate rights.

Participants at the event also analysed reasons for limitations in attracting foreign resources in the context of Vietnam ’s deeper integration as well as the country’s FDI attraction goal in the coming time.

Many of them said that Vietnam succeeds in FDI attraction with a number of large-scale projects, including those of Samsung and Canon. As FDI will continue to be poured into Vietnam in the future, the country should have polices to use this source for economic restructuring, they added.

Meanwhile, some others underlined the need to improve the efficiency of investment attraction, given the fact that only 40 percent of the registered capital has been realised in localities.-VNA