Policy implementation for foreign investment attraction

The People’s Committee of Binh Duong province in coordination with the Ministry of Planning and Investment yesterday held a conference about institutional and policy consultation on foreign direct investment (FDI) in the new context. 

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

Speaking at the conference, Standing Deputy Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem said that Vietnam needs to have policies to attract sustainable foreign investment and partners relating to the fields of tax, finance and foreign exchange, and to set up centers for financial transaction, technological research, trade and logistics on a global scale.

Deputy Prime Minister Vuong Dinh Hue emphasized that Vietnam is one of 12 the most successful countries in the world in attracting foreign direct investment with a total of 27,353 projects and total pledged investment by US$ 340.1 billion.

The investment focuses on industrial sector and services. Currently, the southeastern region leads the country about the most FDI attraction accounting for 43.6 percent of the total registered capital. The FDI enterprises contributed to 70 percent of Vietnam's export volume and 13.6 percent to 14 percent of the total national budget revenue.
In upcoming time, the Government will continue promoting reforms and implementing regulations to attract foreign investment.

On the occasion, the People’s Committee of Binh Duong province also offered investment certificates to four FDI enterprises with a total investment of hundreds of millions of US dollar. 

On the same day, the People's Committee of Ba Ria - Vung Tau province held a meeting with businesses and investors; and offered nine investment licenses with a total registered capital of over VND 9,900 billion (US$ 425.8 million) and nearly US$ 163 million. 

The provincial People's Committee also supported policy for two investment projects of Hac Dich high-tech industrial – urban- service complex with total registered capital of VND 7,210 billion (US$ 310.5 million) and B1 Conac Industrial Park with total registered capital of over VND 1,000 billion (US$ 43 million).

BY XUAN TRUNG- NONG NGAN- Translated by Huyen Huong

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