THE ACTION PROGRAM FOR IMPROVING THE EFFICIENCY OF FOREIGN INVESTMENT COOPERATION BY 2030
On April 27, 2020, the Government issues the Resolution No. 58/NQ-CP on the Action Program of the Government on implementation of the Resolution No. 50-NQ/TW dated August 20, 2019 of the Politburo on the orientations for completing institutions and policies, and improving the quality and efficiency of foreign investment cooperation by 2030.
To be specific, to achieve the objectives stipulated in the Resolution No. 50-NQ/TW of the XIIth Section, in the future, besides the regular tasks, the ministries, ministerial agencies, Government attached agencies, provinces and centrally run cities’ People's Committees should concretize and organize the implementation of the following tasks:
Firstly, the Ministry of Planning and Investment shall study and supplement regulations on "conditions on national defense and security" in the process of considering and granting investment registration certificates (or documents of equivalent legal validity) to new investment projects and the process of reviewing and approving investment activities through the form of capital contribution, share and capital contribution purchase. The Ministry shall study and develop regulations on overcoming the situation of "thin capital", investment in "underground" and investment in "hiding".
Secondly, the Government assigns the Ministry of Finance to preside and coordinate with the Ministries and agencies to study and guide the implementation of the Law on Tax Administration and amend and supplement regulations on preventing price transfer of tax administration. In addition, the Ministry of Industry and Trade shall preside on perfecting regulation on anti-monopoly in accordance with international practices.
Besides, the ministries, agencies and localities shall strictly handle the unsynchronized implementation of institutions and policies between the central and local levels, and among localities; Strictly forbidden to grant, adjust, manage and negotiate foreign investment projects, promulgate regulations on investment incentives and supports in contrary to the competence. Simultaneously, handling of projects that cause environmental pollution, inefficient land use, long-term business losses, and projects that do not meet their commitments.
This Resolution takes effect on the signing date.
