Perfecting policies on FDI attraction

Tuesday, 2019-01-15 11:58:16
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Deputy Prime Minister Vuong Dinh Hue speaks at the meeting (Photo: VGP)
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NDO - Deputy Prime Minister Vuong Dinh Hue chaired a meeting with ministries and localities in Hanoi on January 14, focusing on the building of a project on perfecting institutions and policies and enhancing the efficiency of foreign direct investment (FDI) attraction and utilisation until 2030.

The project, which will be submitted to the Politburo for approval, should highlight key contents related to FDI to lay a foundation for FDI attraction in the next period, Deputy PM Hue said.

The Government official noted that the project is not to establish guidelines, but to complete mechanisms and policies on FDI attraction, in addition to improving the legal system and guidance decrees on tax, business, investment and land use.

Deputy PM Hue asked the Ministry of Planning and Investment to listen to and collect opinions from experts, particularly regarding directions of the Prime Minister at the national conference on 30-year FDI attraction, to complete the project.

According to Deputy Minister of Planning and Investment Vu Dai Thang, Vietnam has a 30-year history of attracting FDI, which has become a crucial economic component, contributing significantly to the development of the country.

However, the Party Central Committee, the Politburo, and the Secretariat have yet to develop a specific resolution on FDI attraction. Therefore, the building of the project to submit to the Politburo is of great importance, creating a basis for attracting FDI in a more selective manner in accordance with the process of economic restructuring while promoting benefits and limiting the inadequacies of FDI.