Skip to main content
Optrontec Vina, a Korean-funded company, in Ba Thien 2 Industrial Park, Vinh Phuc. Illustrative photo. (Source: VNA)

Hanoi (VNA) – Vietnam aims to increase proportion of registered foreign investment flows from certain countries and territories at more than 70% over the period 2021 – 2025 and 75% over the period 2026 – 2030.

The target is set within a 10-year national framework foreign investment cooperation strategy recently endorsed by Deputy Prime Minister Pham Binh Minh.

Certain countries and territories include those in Asia (the Republic of Korea, Japan, Singapore, China, Taiwan (China), Malaysia, Thailand, India, Indonesia and the Philippines); Europe (France, Germany, Italy, Spain, Russia and United Kingdom) and United States.

The strategy also aims to increase the number of multinational companies listed in the Fortune Global 500 doing business in Vietnam 50% by 2030.

Vietnam also aims to rank among the top 3 countries in ASEAN and the top 60 countries in the world in the World Bank’s ease of doing business ranking.

The strategy outlines nine solutions to enhance the effectiveness of foreign investment cooperation in Vietnam, the most notable of which are developing innovation ecosystems, promoting supporting industries, supporting domestic enterprises to form joint ventures with foreign companies in high-tech sectors and national aid. companies to properly assess, select and receive technology transfer from abroad./.