APPROVE THE STRATEGY ON FOREIGN INVESTMENT COOPERATION IN THE 2021-2030 PERIOD
On June 02, 2022, the Prime Minister issues the Decision No. 667/QD-TTg approving the Strategy on foreign investment cooperation in the 2021-2030 period.
Accordingly, the Strategy sets out targets to raise the ratio of registered investment capital of countries and territories in a number of areas to the total national foreign investment capital to over 70% in the 2021-2025 period and 75% in the 2026-2030 period, including: (i) Asia: Republic of Korea, Japan, Singapore, China, Taiwan (China), Malaysia, Thailand, India, Indonesia, the Philippines; (ii) Europe: France, Germany, Italia, Spain, Russian Federation; and (iii) America: the United States.
To achieve the aforementioned targets, ministries, ministerial-level agencies, government-attached agencies, provincial/municipal People’s Committees need to step up the enforcement of policy groups boosting higher labor productivity, total factor productivity (TFP) to develop the internal capability and competitiveness of the economy.
At the same time, to concentrate on improving Vietnam’s competitiveness evaluation indexes according to the evaluation criteria of the World Bank, the Intellectual Property Organization and World Economic Forum. Thereby, the following specific solutions should be synchronously applied: To strictly control foreign investors’ and foreign-invested enterprises’ acquisition of domestic enterprises, especially big enterprises and enterprises operating in strategic domains; To strictly control investment projects threatening to cause negative impacts on national security and public order, etc.
This Decision takes effect after its signing.
