Vietnam is an attractive investment destination

Vietnam is an attractive investment destination

Along with the emphasis at the Working Group Meeting to promote foreign investment cooperation took place in Hanoi on July 23, 2020; Deputy Prime Minister Pham Binh Minh (Head of the Working Group) also highlighted Vietnam's competitive advantages in attracting foreign investment.

Along with the emphasis at the Working Group Meeting to promote foreign investment cooperation took place in Hanoi on July 23, 2020; Deputy Prime Minister Pham Binh Minh (Head of the Working Group) also highlighted Vietnam's competitive advantages in attracting foreign investment.
 
Speaking at the meeting with the participation of Minister of Planning and Investment Nguyen Chi Dung (Standing Vice Leader of Working Group) and members including leaders of Ministries: Finance, Police, Foreign Affairs, Information and Communications, Labor, Invalids and Social Affairs, Industry and Trade, Agriculture and Rural Development, State Bank, Government Office. Deputy Prime Minister Pham Binh Minh analyzed the successes in vigorously reforming the investment environment and the position of Vietnam in the international arena, along with effective COVID-19 prevention measures. The Deputy Prime Minister said that this is a good time for Vietnam to selectively attract new foreign investment flows to suit Vietnam's needs.
 
However, Deputy Prime Minister Pham Binh Minh also identified that it is necessary to identify and handle objective and subjective challenges in foreign investment cooperation and to take timely action and breakthrough solutions to attract capital flows.
 
In that spirit, the Deputy Prime Minister highly appreciated the Ministry of Planning and Investment; Ministries, branches, working groups and localities have actively researched and proposed solutions to discuss and coordinate the implementation of investment promotion activities to attract quality projects. into Vietnam.
 
In the coming time, the Deputy Prime Minister asked the Working Group to urgently and drastically perform the tasks assigned by the Prime Minister, in which attention should be paid to attracting and cooperating for foreign investment. taking quality, efficiency, technology and environmental protection as the main evaluation criteria; priority projects with advanced technology, new technology, high technology, clean technology, modern management, high added value, pervasive impact, technology transfer, and production chain connection global production and supply. In addition, special attention should be paid to the development of enterprises and other economic sectors of Vietnam, with solutions to support and create conditions for domestic enterprises to develop.
 
At the meeting, the Task Force agreed on the work implementation plan in the last months of 2020. Specifically, focusing on 03 main groups of activities: (1) promoting investment; (2) advise and propose policies; (3) communication and promoting the image of the country and the business investment environment of Vietnam.
 
Earlier on June 17, 2020, Prime Minister Nguyen Xuan Phuc signed Decision No. 850 / QD-TTg establishing a Task Force to promote foreign investment cooperation. Deputy Prime Minister Pham Binh Minh is the Leader. The Standing Vice Leader is the Minister of Planning and Investment. Deputy Minister of Planning and Investment is the Vice Leader.
 
The Foreign Investment Agency under the Ministry of Planning and Investment is the Permanent Working Group, of the Working Group to promote foreign investment cooperation.
 
Foreign Investment Department

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