HA NOI (VNS)— Reforming the investment environment and improving foreign investment policies are crucial cogs in Viet Nam's efforts to restructure the economy and reform growth models.
This was the message from leading Government officials at the regular cabinet meeting of the Government for December held yesterday.
The Government vowed that Viet Nam would work to attract investment in projects through quality human resources rather than the present model of low-cost labour.
The measures proposed are the revision of policies to enable favourable conditions for investment and reforms of business promotion activities.
Prime Minister Nguyen Tan Dung said outdated policies would have to be revised as they were no longer suitable in the current business context.
Dung also called for quick completion of the draft for the Resolution on foreign direct investment so that the Government can act as soon as possible.
The cabinet members were also in favour of support policies on poverty reduction during 2013-17 for 23 poor districts in 11 provinces nationwide. — VNS