09 solutions to higher efficiency of foreign investment cooperation

The Prime Minister formally approves the Strategy on foreign investment cooperation in the 2021- 2030 period at the Decision No. 667/QD-TTg dated June 02, 2022.

At this Decision, the Prime Minister set up the specific objectives in the foreign investment cooperation in the 2021- 2030 period as follows:

-  To achieve the specific objectives stated at the Politburo’s Resolution No. 50-NQ/TW on orientations for institutional and policy finalization for higher quality and efficiency of foreign investment cooperation towards 2030;

- To raise the ratio of registered investment capital of countries and territories in a number of areas to the total national foreign investment capital to over 70% in the 2021-2025 period and 75% in the 2026-2030 period;

- To increase by 50% the number of multinational groups in the 500 largest groups in the world ranked by Fortune magazine (the US), which are present and operating in Vietnam;

- By 2030, to be among three top ASEAN nations and 60 leading world countries under the World Bank’s business environment ranking.

To achieve above objectives, the Decision 667 also prescribes 09 solutions to higher efficiency of foreign investment cooperation, including:

- To effectively apply the solutions already promulgated: 

+ The Resolution No. 50-NQ/TW on the orientations for institutional and policy finalization for higher quality and efficiency of foreign investment cooperation towards 2030;

+ The Resolution No. 10-NQ/TW on the development of private economy into an important motive force of the socialist-oriented market economy;

+ The Resolution No. 58/NQ-CP on the action program of the Resolution No. 50-NQ/TW on the orientations for institutional and policy finalization for higher quality and efficiency of foreign investment cooperation towards 2030...

- To improve the business and investment environment, raising the quality, efficiency and competitiveness of the economy;

- To develop scientific, technological and innovation eco-systems;

- To renew and heighten competition in foreign investment attraction;

- To develop supporting industries, promote linkage and spillover;

- To promote the internal capability and make full use of comparative edges with a view to improving the efficiency of foreign investment cooperation;

- To heighten the international integration efficiency and Vietnam’s position on international arena

- To modernize and diversify the investment promotion activities;

- To raise the effect and efficiency of state management over foreign investment.