Govt leaders outline FDI roadmap to boost growth

Reforming the investment environment and improving foreign investment policies are crucial cogs in Viet Nam's efforts to restructure the economy and reform growth models.

This was the message from leading Government officials at the regular cabinet meeting of the Government for December held yesterday.

The Government vowed that Viet Nam would work to attract investment in projects through quality human resources rather than the present model of low-cost labour.

The measures proposed are the revision of policies to enable favourable conditions for investment and reforms of business promotion activities.

Prime Minister Nguyen Tan Dung said outdated policies would have to be revised as they were no longer suitable in the current business context.

Dung also called for quick completion of the draft for the Resolution on foreign direct investment so that the Government can act as soon as possible.

The cabinet members were also in favour of support policies on poverty reduction during 2013-17 for 23 poor districts in 11 provinces nationwide

vietnamnews

>   Monetary policies stabilise economy (27/12/2012)

>   GDP hits 13-year low, but positive signs exist (26/12/2012)

>   Macro-economic stabilization tops tasks for 2013 (26/12/2012)

>   Over 12,000 Hanoian businesses sink in 2012 (25/12/2012)

>   Nation succeeds in single-digit CPI goal (25/12/2012)

>   Trade surplus $284m, after 20 years in deficit (24/12/2012)

>   HCM City's annual CPI up by 4% (22/12/2012)

>   2012 CPI forecast at 6.8%; inflation expected to rise (21/12/2012)

>   US trade barriers require scrutiny (19/12/2012)

>   Japan sees more FDI ahead for Vietnam (18/12/2012)