Gov't adopts action plan on foreign investment cooperation through 2030
VGP - Deputy Prime Minister Tran Luu Quang has recently signed Decision 308/QD-TTg, dated March 28, 2023, approving an action plan to implement the Strategy on foreign investment cooperation in the 2021-2030 period.
Accordingly. the Government assigned the Ministry of Planning and Investment to submit the draft law amending and supplementing the Bidding Law, and a draft decree on detailed implementation of the revised law in 2023.
The Ministry of Finance is in charge of submitting a draft decree amending and supplementing Decree No. 08/2015/ND-CP on enforcement of the Customs Law regarding customs procedures and inspection.
The Ministry of Industry and Trade takes the prime responsibility to compose a decision of the Prime Minister on the supporting industry development program in the period 2026-2030 and submit it by 2025.
Ministries, agencies and localities are requested to fulfill the assigned tasks and report the outcomes of implementation to the Ministry of Planning and Investment before October 31.
In June last year, the Government approved the national strategy on foreign investment cooperation for 2021-2030 period.
By 2030, the country aims to be ranked among ASEAN’s top three countries and the world’s top 60 countries in the World Bank’s Doing Business ranking, according to the strategy.
The strategy targets to increase the number of multinationals listed in Fortune Global 500 doing business in Viet Nam by 50 percent by 2030.
Specifically, the strategy expects to increase the proportions of registered foreign investment capital from the Republic of Korea, Japan, Singapore, China, Taiwan, Malaysia, Thailand, India, Indonesia, the Philippines, France, Germany, Italy, Spain, Russia, the UK, and the US, to over 70 percent of the total foreign investment inflows in the 2021-25 period and 75 percent in the 2026-30 period./.