At the regular Government press conference on the afternoon of March 2, a reporter asked a question to a representative from the Ministry of Planning and Investment about the situation of attracting foreign investment in the early months of the year and what breakthrough solutions are being implemented to attract large technology projects to invest in Vietnam.
Mr. Tran Quoc Phuong – Deputy Minister of Planning and Investment (MPI) – stated that in the first two months of the year, the total foreign direct investment (FDI) into Vietnam reached $4.29 billion, an increase of 38.6% compared to the same period in 2023. “We never expected this figure. It is a very encouraging sign that investors are very interested in Vietnam. The disbursement rate of foreign investment projects is also very high, affirming that commitments are being realized,” Mr. Phuong said.
Deputy Minister of Planning and Investment Tran Quoc Phuong.
Regarding breakthrough solutions to attract more large foreign investment projects, Deputy Minister of MPI mentioned 3 solutions:
First,
focus on improving infrastructure and land. According to Mr. Phuong, these are issues that foreign investors are very interested in. “Large projects of foreign investors require large land and high infrastructure requirements. Therefore, in the coming time, we will focus on completing infrastructure connection projects. At the same time, we will immediately implement guiding documents on Land Law,” Mr. Phuong informed.
Second,
focus on training and developing high-quality human resources. Currently, the Ministry of Planning and Investment is coordinating with the Ministry of Education and Training to urgently implement the project to train high-quality human resources, especially in the semiconductor industry.
Third,
focus on improving institutional work. Mr. Phuong stated that recently, the National Assembly has also issued many breakthrough mechanisms and policies such as the Bidding Law, Land Law. In addition, the Government has also issued many regulations to improve the investment business environment, reform administrative procedures…
“These new mechanisms and policies will surely make significant contributions to promoting the attraction of foreign investment projects to Vietnam,” Mr. Phuong said.
