PM ORDERS ENHANCEMENT OF FOREIGN INVESTMENT ATTRACTION EFFICIENCY

Prime Minister Pham Minh Chinh has signed a directive clarifying tasks and solutions to enhance the efficiency of foreign investment attraction in the new period.

Under the document, ministers and heads of minister-level agencies, Government agencies and chairmen of the People’s Committees of centrally-run cities and provinces must promptly implement tasks assigned on them earlier in luring foreign investment.

They were requested to prepare favourable conditions for investment attraction and business activities by promptly completing planning for the 2021-2030 period with a vision to 2050. The Ministry of Planning and Investment was asked to report the feasibility of building a Law on Adventure Investment, while developing a database on Vietnamese enterprises that are able to become suppliers to foreign-invested firms in particular areas.

The Ministry of Labour, Invalids and Social Affairs was ordered to apply policies and measures to enhance skills for workers to meet the demand of foreign investors and encourage them to employ local labourers.

The Ministry of Science and Technology was tasked to submit to the PM a proposal on the supplementation and adjustments to a decision on regulations to import used equipment, machineries and technology chains with simplified procedures within June, while building policies to encourage cooperation in technology transfer.

The Ministry of Information and Communications was assigned to propose a pilot policy and breakthrough measures to draw world leading techfirms to Vietnam, while the Ministry of Finance was asked to review the legal system related to taxation to discover and settle problems, and build a roadmap to apply the global minimum tax rate and submit it to the National Assembly’s sixth session.

The Ministry of Finance, through diplomatic and external channels, was ordered to strengthen the promotion of Vietnamese investment and business environment and the Government’s orientations on sustainable development, thus diversifying investment opportunities with major partners.

In the directive, the PM also clarified specific tasks to particular ministries, agencies. The Government leader also asked localities to develop their technical and social infrastructure system outside industrial parks, export processing zones, and hi-tech parks, while simplifying procedures regarding investment licencing.

The PM also underlined the need to enhance State management efficiency in foreign investment attraction and strengthen supervision and inspection over the work.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

VIETNAM RISING STAR: CONNECTING GLOBAL CAPITAL TO VIETNAM'S HIGH-GROWTH FRONTIERS

Vietnam stands at a pivotal inflection point as global supply chains reconfigure and capital seeks resilient, innovation-driven markets. HKBAV is proud to support the exclusive Inbound Investment Forum "Vietnam Rising Star: Connecting Global Capital to Vietnam's High-Growth Frontiers", bringing together global investors, corporate decision-makers, and financial experts to unlock the next wave of foreign direct investment and strategic M&A opportunities in Vietnam!

Jul 27, 2026

MEMBER CORNER / PROMOTIONS

VIETNAM GO GLOBAL: MASTERING OUTBOUND INVESTMENTS & EXPANSION FROM LOCAL TO GLOBAL

Vietnamese enterprises are increasingly looking beyond domestic borders to scale on the international stage. HKBAV is proud to support the exclusive Outbound Investment Forum "Vietnam Go Global - Mastering Outbound Investments & Expansion from Local to Global", bringing together influential corporate decision-makers, global investors, and financial experts to navigate the practicalities of cross-border expansion!

Jul 27, 2026

MEMBER CORNER / PROMOTIONS

VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026

Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.

Jul 24, 2026

VIETNAM ECONOMY INVESTMENT

VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET

Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND

In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTMENT WAVE OPENS NEW DOORS

As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.

Jul 23, 2026