Illustrative image (Photo: VNA) Hanoi (VNA) - The Vietnamese Government Portal hosted a discussionon September 4 on breakthrough actions and solutions to attract foreigninvestment.
A report fromthe Ministry of Planning and Investment shows that as of August 20, the totalflow of foreign direct investment (FDI) into Vietnam stood at 19.54 billionUSD, equal to 86.3 percent of the figure in the same period last year. Of particularnote, after difficulties at the beginning of the year, foreign investment has surgedin recent months.
Economistssaid that this is evidence of new flows coming into Vietnam, which is viewed asan exceedingly attractive destination with competitive advantages, participationin new-generation trade agreements such as the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free TradeAgreement (EVFTA), and effective COVID-19 prevention measures.
NguyenVan Toan, Vice Chairman of the Vietnam Association of Foreign-InvestedEnterprises, advised businesses to take advantage of integration opportunitiesand intensify connectivity, as attracting high-quality FDI will bring aboutmore opportunities for domestic companies.
To attractmore high-quality FDI, Nguyen Dinh Cung, former Director of the CentralInstitute for Economic Management (CIEM), said that unofficial costs arebarriers and bottlenecks hampering investment not only by foreign-investedenterprises but also by private domestic companies.
It is thereforeessential to cut costs and quickly bring into full play all opportunities towelcome more foreign investors, he said.
Eachinvestor needs a different policy, Cung said, so it is necessary to designpolicies in accordance with different investors.
Analysts alsosuggested Vietnam continue to reform its institutions to improve its investmentenvironment and be proactive and consistent in its investment attractionpolicies./.
A report fromthe Ministry of Planning and Investment shows that as of August 20, the totalflow of foreign direct investment (FDI) into Vietnam stood at 19.54 billionUSD, equal to 86.3 percent of the figure in the same period last year. Of particularnote, after difficulties at the beginning of the year, foreign investment has surgedin recent months.
Economistssaid that this is evidence of new flows coming into Vietnam, which is viewed asan exceedingly attractive destination with competitive advantages, participationin new-generation trade agreements such as the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free TradeAgreement (EVFTA), and effective COVID-19 prevention measures.
NguyenVan Toan, Vice Chairman of the Vietnam Association of Foreign-InvestedEnterprises, advised businesses to take advantage of integration opportunitiesand intensify connectivity, as attracting high-quality FDI will bring aboutmore opportunities for domestic companies.
To attractmore high-quality FDI, Nguyen Dinh Cung, former Director of the CentralInstitute for Economic Management (CIEM), said that unofficial costs arebarriers and bottlenecks hampering investment not only by foreign-investedenterprises but also by private domestic companies.
It is thereforeessential to cut costs and quickly bring into full play all opportunities towelcome more foreign investors, he said.
Eachinvestor needs a different policy, Cung said, so it is necessary to designpolicies in accordance with different investors.
Analysts alsosuggested Vietnam continue to reform its institutions to improve its investmentenvironment and be proactive and consistent in its investment attractionpolicies./.
VNA
