return icon Vietnamnet.vn

Gov’t pledges strong efforts for improving business environment

 VietNamNet Bridge – The Vietnamese Government will continue its effort to improve the country’s business environment in a bid to further raise the efficiency of foreign investment attraction and use.

VietNamNet Bridge – The Vietnamese Government will continue its effort to improve the country’s business environment in a bid to further raise the efficiency of foreign investment attraction and use.

 

{keywords}
Delegates to the conference on reviewing 25 year
foreign investment attraction, Ha Noi, March 27, 2013.

PM Nguyen Tan Dung made the statement at the conference held in Ha Noi on March 27 to review 25-year foreign direct investment (FDI) attraction.

The Government will also commit to perfecting market mechanisms; reforming administrative procedures, financial and banking systems while enhancing workforce training and infrastructure upgradation, he said.

PM Dung tasked inferior levels to focus on key tasks, including administrative procedure reform and improvement of legal system to create a more competitive business environment.

They need to accelerate foreign investment in public-private partnership (PPP) projects, supplement norms for high-tech enterprises and mechanisms for development of supporting industries, capital and financial markets.

Inferior levels were also asked to adopt detailed regulations relevant to environmental protection and enterprises will be required to make public information on waste discharge.

Emphasizing the importance of human resource training, PM Dung said that the Government will encourage foreign investors to invest in training high-quality workforce and enhance management over foreign laborers.  

He said that planning schemes, once approved, will be made public to create favorable conditions for foreign investors to access to planning information.

PM Dung also stressed the necessity to improve decentralization mechanisms to mitigate mistakes in luring foreign investment.

After 25 years, Viet Nam has attracted nearly US$211 billion in 14,550 projects while the disbursed volume stood at some US$100 billion, official statistics show.

In a recent interview with VGP’s reporter, Chairman of the Eurocham Viet Nam Preben Hjortlund underscored that “foreign investment has helped increase Viet Nam GDP growth rate.”

This has not only been in terms of capital influx, but also – and especially – through the transfer of technology and skills. The combination of these factors has driven the economy to a much stronger position, which in turn has had a positive impact on socio-economic developments.

However, a number of shortcomings and limitations need to be addressed. Prominent among them are the imbalance of foreign investment among sectors, slow disbursement, limited efficiency and high-tech rate and others.

Source: VGP

MORE NEWS

VIETNAM NEWS HEADLINES OCTOBER 6

HCM City to be next destination of Italian Film Festival 2022

2023 AFF Club Championship schedule, structure announced

The 2023 ASEAN Football Federation (AFF) Club Championship will start on September 27 2023, and end on May 15, 2024, the AFF Competition Committee announced at an online meeting on Monday.

HCM City’s dengue fever deaths highest in decade

HCMC recorded some 25 deaths due to dengue by October 2, the highest in a decade, according to the HCMC Center for Disease Control.

Hospitality providers in Hanoi Old Quarter revive

Hospitality providers in Hanoi’s Old Quarter have been gradually recovering from the COVID-19 pandemic. Since March 15, most of them have so far been brought back to life.

After discovery of fake VietGAP-certification, 12 units under probe

After local media reported about vegetables with counterfeited VietGAP certificates, the Ministry of Agriculture and Rural Development (MARD) asked for a review of 12 certification units and threatened to strictly punish any violators.

Another three Vietnamese digital platforms qualify for being popularized

Vietnam is expected to maintain its seventh place in the number of new app downloads globally.

Foreign travel website suggests 10 best things when visiting Vietnam

Kayaking in the waters of picturesque Cat Ba island and taking a food tour to sample delicacies around Ho Chi Minh City are among the 10 best things to do in Vietnam, according to UK-based travel website Time Out.

Vietnam’s coconut kingdom protects organic coconut areas by biological methods

When the trend of consuming organic products is increasingly popular, the development of organic material sources has become an urgent requirement. Protecting these sources has become a great concern of producers in many countries around the world.

Electronics industry capacity must keep up with increased investment

Vietnam needs policies to enable the electronics industry to ready its supply chain as the country becomes ever more attractive for investment, Deputy Director of the Industry Agency under the Ministry of Industry and Trade Pham Tuan Anh said.

VN central bank shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.

HCM City targets international cruise tourists

Ho Chi Minh City has great potential to attract international cruise tourists as part of an effort to speed up tourism recovery post-pandemic, experts said.

Waste criteria lacking for nation’s IPs

Vietnam’s industrial parks are in the process of transitioning to more ecological models, but are struggling due to a lack of regulations on reusing treated waste and wastewater.

Vietnam experiences solid rise in production

The Vietnamese manufacturing sector rose solidly inside growth territory at the end of the third quarter of the year.

VN-Index bounces back from two-year low

The benchmark VN-Index on Wednesday regained the 1,100-point landmark after falling to a two-year low, but low liquidity may threaten the market recovery in the next sessions.
back_to_top