Update: 17:31 | 04/06/2022
Permanent Deputy Prime Minister Pham Binh Minh has signed Decision No.667/QD-TTg, approving a strategy on foreign investment cooperation for the 2021-2030 period.
The strategy targets to increase the share of registered foreign investment capital from the Republic of Korea, Japan, Singapore, China, Taiwan (China), Malaysia, Thailand, India, Indonesia, the Philippines, France, Germany, Italy, Spain, Russia, the UK, and the U.S. to more than 70 percent of total foreign investment inflow to Viet Nam by 2025 and 75 percent by 2030.
The strategy proposes 9 solutions to improve the efficiency of foreign investment cooperation, including: Effectively implementing the issued solutions; Improving the business investment environment and improving the quality, efficiency and competitiveness of the economy; Developing an ecosystem of science and technology and innovation; Renovating and enhancing competition in attracting foreign investment; Supporting industry development, promoting linkage, and spreading; Promoting internal capacities and taking advantage of competitive advantages to improve the efficiency of foreign investment cooperation; Improving the efficiency of international economic integration and Vietnam's position in the international arena; Modernising and diversifying investment promotion; and Improving the effectiveness and efficiency of state management on foreign investment.
The strategy also aims to develop a strong domestic business sector, with enough capacity for international integration; maximum support for start-ups, innovative enterprises and small and medium-sized enterprises to enter into joint ventures and linkages with foreign investment sectors, with a focus on high technology, new technology and technology sectors advanced, key technology of the 4th industrial revolution, modern services, manufacturing industry, information technology, and financial services.