Foreign investment cooperation strategy in 2021-2030

Standing Deputy Prime Minister (PM) Pham Binh Minh has just signed Decision 667/QD-TTg approving the foreign investment cooperation strategy for the 2021-2030 period.

The Strategy aims to increase the proportion of registered investment capital of countries and territories in some regions in the country’s total foreign investment capital to more than 70% in 2021-2025 and 75% in 2026-2030, including: the Republic of Korea, Japan, Singapore, China, Taiwan (China), Malaysia, Thailand, India, Indonesia, the Philippines, France, Germany, Italy, Spain, Russian Federation, Great Britain and the United States.

The number of multinational corporations in the group of the world’s 500 largest corporations, as ranked by Fortune Magazine (USA), having presence and operations in Vietnam will be increased by 50%.

By 2030, the country will be listed in the group of 3 leading countries in ASEAN and the group of 60 leading countries in the world according to the World Bank's business environment ranking.

The strategy also proposes 9 solutions to improve the efficiency of foreign investment cooperation, such as developing an ecosystem of science, technology and innovation; innovating and improving competitiveness in attracting foreign investment; developing supporting industries and promoting enterprise links; and promoting internal capacity and taking advantage of competitive strengths to improve the efficiency of foreign investment cooperation.