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Strategy on foreign investment cooperation for 2021-2030 approved

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.

Strategy, foreign investment cooperation, registered foreign investment capital, foreign investment inflow, industry development, industrial revolution, modern services

Illustrative photo.

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.

Production value of FDI sector increases 33.8 percent year on year
(BGO) - The production value in Bac Giang province hit nearly 61 trillion VND (2.66 billion USD) in the first quarter of this year, up over 31 percent year on year.
 
FDI enterprises pay nearly 360 billion VND to budget
(BGO) - Bac Giang province now has more than 500 foreign direct investment (FDI) enterprises with regular contribution to provincial budget, reported the provincial Department of Taxation in Bac Giang province.
 
Thai Nguyen ranks second in FDI attraction in two months
The northern province of Thai Nguyen with the issuance of of a licence to to Samsung Electro-Mechanics Vietnam Co., Ltd under Samsung Corporation of the Republic of Korea to add 920 million USD to its project, ranked second in attracting foreign direct investment (FDI) in the first two months of 2022, behind Bac Ninh.
 
Spectacular breakthrough in FDI attraction
(BGO) – In 2021, Bac Giang attracted total investment of over 1.3 billion USD to the industrial parks which is an impressive figure for such a hard year due to Covid-19 pandemic. 
 
Bac Giang provincial leader visits and extends Tet greeting to local FDI enterprises
(BGO) – On January 19, the Vice Chairman of Bac Giang provincial People’s Committee (PPC) Phan The Tuan paid a field trip to visit, encourage and extend Tet greeting to some foreign direct investment (FDI) businesses in the province.
 

Source: NDO

Strategy, foreign investment cooperation, registered foreign investment capital, foreign investment inflow, industry development, industrial revolution, modern services
 
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