The Prime Minister requested ministries and branches to analyze what needs to be done to come up with solutions to attract and retain large, reputable corporations in the technology sector.
The above content was stated by Prime Minister Pham Minh Chinh when chairing a regular Government meeting on the morning of March 2.
Accordingly, policies for Vietnam to attract and retain large corporations include continuing to improve the investment and business environment, improving human resource quality, and reforming administrative procedures.
"This is the task that needs to be done this year to achieve the goals of the entire term," he said.
Data from the Ministry of Planning and Investment shows that total registered FDI capital in the first two months reached nearly 4.3 billion USD, up about 37% over the same period. Newly registered capital was nearly 3.6 billion USD, double that of the same period last year, thanks to a 55% increase in the number of new projects and large investment capital (400-600 million USD).
Currently, the manufacturing industry leads in attracting foreign capital, increasing by nearly 17% over the same period. In the high-tech sector, semiconductors are considered a key national industry in the next 30-50 years.
By 2030, Vietnam will become a center for semiconductor technology (design, packaging and testing), according to the Government 's strategy.
Prime Minister Pham Minh Chinh chairs the Government meeting on the morning of March 2. Photo: VGP
Vietnam is increasingly attracting large corporations in the technology and semiconductor industries from the US, South Korea, Japan, and European countries. Many corporations such as Apple, Boeing, and Google have expressed great interest in investing in Vietnam.
However, experts believe that Vietnam has not yet taken full advantage of the opportunities from the trend of shifting investment flows, due to a lack of high-quality human resources and support policies when the global minimum tax is applied from the beginning of 2024.
Also at the meeting, according to the report of the Ministry of Planning and Investment, the economy improved in most areas in the first two months of the year. The consumer price index (CPI) in February increased by 3.98% over the same period, budget revenue reached 23.5% of the estimate. Trade surplus was over 4.7 billion USD, the highest in the same period in 10 years.
More than 41,000 businesses joined and returned to operation, up 8.5% over the same period.
Minister of Planning and Investment Nguyen Chi Dung speaks at the Government meeting on the morning of March 2. Photo: VGP
However, according to Minister Nguyen Chi Dung, businesses still face many difficulties in accessing capital, lack of support policies and slow administrative procedure amendments.
"Some businesses and real estate projects still face legal problems and are slow to be processed," he commented.
These things put pressure on growth management, macroeconomic stability, major balances in investment, consumption, and social security this year.
Therefore, Prime Minister Pham Minh Chinh noted that ministries and branches should come up with solutions to renew old growth drivers (investment, export, consumption), and promote new growth drivers in digital transformation, green transformation, and sharing economy.
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