[ad_1]
This information was expressed by Mr. Do Nhat Hoang, Director of the Department of Foreign Investment (Ministry of Planning and Investment) in the Seminar: “Attracting foreign investment flows: innovative actions and solutions”. Government Portal to organize this morning of September 4.
According to Hoang, before the competition to attract strong FDI flows between Vietnam and other countries, especially India, it was not Vietnam that passively waited for the arrival of capital inflows, but carefully studied the strategy to attract FDI. From there, there are solutions to create a higher competitive position and according to Vietnam conditions.
Recently, the National Assembly passed the Investment Law, the amended Companies Law, the PPP Law, which are very important in economic activities to improve the investment environment.
The general objective of the laws is to simplify procedures, increase decentralization and make it easier for investors while at the same time being transparent from investment preparation and investment certification to the next. Market access.
In addition, there are special incentives for investment in the Investment Law that, when studying other countries, it must be said that Vietnam is much more competitive.
For example, if investors focus on the quality of technology, environmental efficiency, the implementation of modern and high-tech projects, integrating many Vietnamese companies in the value chain, the more incentives they will receive. positive.
“We and the ministries advise on preferential packages suitable for each theme, according to the way of tailoring by size, not giving a model like market goods,” said Hoang.
In addition, to take advantage, Vietnam has taken methodical measures, the Government has created a special working group led by a Deputy Prime Minister, the Minister of Planning and Investment as deputy leader. service leaders and ministry leaders as members.
Recently, this team has been very effective in working with many technology corporations and large projects coming to Vietnam according to established guidance.
“We cannot announce the names of these corporations at this time because they require them to be kept secret. These are all large corporations that will invest in projects from USD 500 million to USD 1 billion in the next period.” Mr. Hoang said.
According to the report of the Ministry of Planning and Investment, as of August 20, 2020, total FDI in Vietnam reached $ 19.54 billion, which is equivalent to 86.3% during the same period in 2019. There is a good sign after The first month of 2020 has slowed down, FDI inflows into Vietnam have increased sharply in recent months.
According to experts, this is a sign of a new wave of investment in Vietnam: an attractive investment destination with available competitive advantages, participation in new generation free trade agreements, together with positive and effective prevention measures of COVID-19. .
However, to take advantage of this new wave of investment, experts also recommend that Vietnam have a different way of doing it sooner. It is about continuing to reform institutions to facilitate the investment environment, being proactive and consistent in policies to attract investment, and at the same time, domestic companies must also be more proactive.
In that way, Vietnam can seize golden opportunities to welcome foreign investors seeking cooperation and investment, turn potential into strength for the economy, and participate in the global value chain.
[ad_2]
