PM Nguyen Xuan Phuc has tasked the Ministry of Planning and Investment to consider organizing a conference on 30-year attraction of foreign investment in early October this year.

The conference is expected to provide in-depth evaluation of foreign investment activities to serve as input for amending and supplementing legal framework in this domain.

Foreign investment sector has witnessed dynamic advancements, making positive contribution to the country’s overall achievements, including growth, economic structure transformation, job creation, expansion of export markets among others.

Foreign investment inflows reached US$ 20.33 billion in the first six months this year while the disbursed volume was estimated at US$ 8.37 billion, according to the General Statistics Office.

However, there still remain a number of shortcomings such as limited technological transfer, low added values, transfer pricing and violation of environmental regulations by several foreign invested companies.

Earlier in March 2013, the Ministry of Planning and Investment organized a conference to review 25-years of foreign investment.

VGP