Czech expert lauds changes in Vietnam’s foreign investment attraction policy

Tuesday, 2020-08-04 10:10:48
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The Vietnamese Government decided to adjust its foreign investment attraction strategy last year to support innovative and high-tech industry sectors. (Illustrative image)
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NDO/VNA – David Jarkulisch, an economic diplomat from the Czech Republic, has spoke highly of positive changes in Vietnam’s revised Law on Investment which aims to attract and bolster efficiency of foreign investment.

In an article published on the website of the Ministry of Foreign Affairs of the Czech Republic, he noted that the revised law, which is to take effect at the beginning of 2021, will improve conditions and incentives for foreign investors.

The law aims to make Vietnam’s business climate more appealing to foreign investors and attract new investment in high technology, Jarkulisch said.

According to the diplomat, Vietnam is among the most attractive investment destinations in Asia and the Vietnamese Government decided to adjust its foreign investment attraction strategy last year to support innovative and high-tech industry sectors. An important factor of this strategy is to change investment incentives.

The author also underlined that despite the negative impacts of COVID-19, Vietnam remains attractive to investors and drew a total of US$18.8 billion in foreign investment in the first seven months of 2020.