Foreign investment attraction and cooperation should be selective: Deputy PM

by NDO21 May 2021 Last updated at 19:00 PM

Deputy Prime Minister Pham Binh Minh (C) chairs the second meeting of the working group on promoting foreign investment cooperation on May 21. (Photo: VGP)
Deputy Prime Minister Pham Binh Minh (C) chairs the second meeting of the working group on promoting foreign investment cooperation on May 21. (Photo: VGP)

VTV.vn - Foreign investment attraction and cooperation needs to be selective, taking quality, technology efficiency and environmental protection as the main evaluation criteria, according to Deputy Prime Minister Pham Binh Minh.

Speaking at the second meeting of the working group on promoting foreign investment cooperation in Hanoi on May 21, Deputy PM Minh highlighted the group’s mission, which is to promptly grasp investment collaboration opportunities in the new situation in order to advise the Government on the relevant mechanisms, policies and standards in investment cooperation as well as solutions to attract multinational corporations and large enterprises.

Priority should be given to attracting projects that use advanced, new, high level and clean technology, while applying modern governance, generating high added value, and connecting the global production and supply chains in line with the spirit of Politburo Resolution No. 50-NQ/TW on the orientations to perfect institutions and policies, as well as improve the quality and efficiency of foreign investment cooperation until 2030, he stated.

According to the Deputy PM, the meeting aims to review the implementation of tasks such as advising and proposing policies, promoting investment and advertising Vietnam’s image and business & investment environment. Group members will also discuss the next implementation plans, especially in the context of the COVID-19 pandemic directly affecting trends and the shifting flow of foreign investment.

He urged for a focus on designing orientations for the effective deployment of the group’s activities until the end of the year, thus contributing to realising the dual goal of fighting the pandemic and economic development as set out by the Government.

Members of the working groups were also requested to strictly implement their assigned tasks and actively propose innovative solutions to constantly improve the investment environment as well as enhance the competitiveness and attractiveness of the economy in the eyes of foreign investors.

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