Illustrative image (Source: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong has signed for issuing Resolution 50-NQ/TW on directions for improving institutions and policies to enhance the quality and effectiveness of foreign investment cooperation to 2030. The resolution expresses Vietnam’s viewpoints, policies and targets in attracting foreign investment in the new stage. It also provides the foundation to address the trend of developed countries exporting pollution to developing ones through FDI, as one of the guiding viewpoints mentioned in the resolution is to proactively attract foreign investment in a selective manner, based on the main criteria of quality, effectiveness, technology and environmental protection. One of the specific targets set by Resolution 50 is to attract 150-200 billion USD of foreign investment in the 2021-2025 period, or 30-40 billion USD each year, and 200-300 billion USD in the 2026-2030 period, or 40-50 billion USD each year. The disbursement of foreign investment capital should reach 100-150 billion USD during 2021-2025, and 150-200 billion USD during 2026-2030. To achieve this target, the resolution said institutions and policies on foreign investment attraction must encourage foreign investors to join fields and sectors outside those subject to State protection. The document outlined criteria to… Read full this story
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