In­vestors see Việt Nam as a safe in­vest­ment des­ti­na­tion post-virus

Viet Nam News - - FRONT PAGE -

Ac­cord­ing to ex­perts, in­vest­ment is ex­pected to be poured into in­for­ma­tion tech­nol­ogy and high tech­nol­ogy, elec­tronic equip­ment, e-com­merce and lo­gis­tics, and con­sumer goods and re­tail

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 yes­ter­day.

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.

VNA/VNS Photo Thanh Vũ

Elec­tron­ics com­po­nents are man­u­fac­tured at Ja­pan-in­vested Nidec Sankyo in Sài Gòn Hi-tech Park.

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