Tuesday, August 11 2020

VietNamNews

Investors consider Việt Nam a safe investment destination after COVID-19

Update: May, 23/2020 - 07:00

 

Prime Minister Nguyễn Xuân Phúc delivers his speech at the meeting. VNA/VNS Photo Thống Nhất

 

HÀ NỘI — Many investors consider Việt Nam a safe investment destination with a lot of advantages after the COVID-19 pandemic is pushed back, heard a Government meeting chaired by Prime Minister Nguyễn Xuân Phúc in Hà Nội on Friday.

The meeting was also attended by the leaders of several ministries, sectors and provinces and cities which have attracted large sums of foreign direct investment (FDI), as well as economic experts.

According to experts, investment is expected to be poured into four industries: information technology and high technology, electronic equipment, e-commerce and logistics, and consumer goods and retail. Therefore, localities should seize this opportunity to draw investment.

PM Phúc said Việt Nam has achieved initial success in fighting COVID-19, but it is necessary to focus on developing the country to realise the dual target of preventing the pandemic and boosting socio-economic development.

The PM asked participants to find concrete measures to optimise the investment that flows into Việt Nam, especially from major multinational groups and high-tech firms.

He suggested attracting selective projects, aiming at big multinational groups utilising 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, headed by the Minister of Planning and Investment.

Emphasising the role of communication, PM Phúc suggested promoting Việt Nam 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 sector, to successfully do business in Việt Nam. — VNS

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