Many investors have considered Vietnam as a safe investment destination with a lot of advantages after the COVID-19 pandemic is pushed back, heard a meeting of permanent government members chaired by Prime Minister Nguyen Xuan Phuc in Hanoi on May 22.
The meeting also saw the attendance of leaders from several ministries, sectors and provinces and cities which have attracted large sums of foreign direct investment (FDI), and economic experts.
Related: Foreign investors, experts, skilled workers and business managers are allowed to enter Vietnam
According to experts, the investment flow is expected to be poured into four industries: information technology and high technology, electronic equipment, e-commerce and logistics, consumer goods and retail. Therefore, localities should recognize and seize this opportunity to draw investment.
Vietnam’s Prime Minister Nguyen Xuan Phuc
PM Phuc said Vietnam has achieved initial successes in fighting COVID-19, but it is necessary to focus on developing the country to realize the dual target of preventing the pandemic and boosting socio-economic development.
The PM asked the participants to deliberate concrete measures to optimize the investment flow shifted to Vietnam, especially from major multinational groups and high-tech firms.
He suggested attracting selective projects, aiming at big multinational groups utilizing new cutting-edge and environmentally friendly technologies.
The Government leader requested building a project to address bottlenecks for investors such as land clearance and human resources.
He agreed on the establishment of a working group in charge of this matter, which is headed by the Minister of Planning and Investment.
Emphasizing the role of the communication work, PM Phuc suggested promoting Vietnam as an attractive investment for investors and tourists.
The Government, localities and sectors must create optimal conditions in terms of production premises, necessary and attractive incentives, administrative procedures, and human resources, he said.
Attracting foreign investment with high-tech and high added value projects is an essential trend, the PM said, adding that authorities should make it easier for all economic sectors, particularly the private one, to successfully do business in Vietnam.
@ NDO/VNA