Vietnam pursues consistent policy of foreign investment cooperation

(VOVWORLD) - The foreign-investment sector has become an integral component of Vietnam’s economy. 
Vietnam pursues consistent policy of foreign investment cooperation - ảnh 1Prime Minister Nguyen Xuan Phuc speaks at a conference reviewing 30 years of FDI attraction on October 4, 2018 

Addressing a conference reviewing 30 years of attracting FDI in Hanoi on Thursday, Minister of Planning and Investment Nguyen Chi Dung said Vietnam has thousands of valid FDI projects with total registered capital reaching 334 billion USD, of which 184 billion USD have been disbursed. Mr. Dung said “FDI has promoted economic development and economic restructuring while fueling the formation of key industries such as telecom, oil and gas, electronics, chemistry and steel. The foreign investment inflow is also a factor behind the formation of new space for development, new urban areas, industrial parks, for export processing zones and economic zones, helping Vietnam expand its international market, equalizing trade balance and raising the country’s international image.”

Co-chairman of the Vietnam Business Forum alliance, Tomaso Andreatta, said the 30-year foreign investment attraction policy has proved correct, saying that it reflects the government’s openness policy.

Speaking at the event, Prime Minister Nguyen Xuan Phuc called for measures to attract FDI in the time to come: “Vietnam confidently pursues its constant policy of FDI attraction as an important economic sector. The government calls for a stable social economic environment and macro economy, improved infrastructure and legal framework in line with the new generation of FTAs. Domestic enterprises are encouraged to work with foreign partners while incentives must ensure investment efficiency”

The outcomes of the conference will serve as reference for the Ministry of Planning and Investment to complete a master plan on directions for FDI attraction, intended for use until 2030.