FDI attraction to be targeted at green growth, digital transformation: report
VOV.VN - The government of Vietnam should revise foreign direct investment (FDI) attraction and utilization policies, focusing on key fields such as green growth and digital transformation as well as connecting supply chains of Vietnamese and FDI businesses, including transnational firms.
Researchers of the Vietnam Association of Foreign Invested Enterprises (VAFIE) made the recommendations at a ceremony in Hanoi on March 10 to release their 2022 report on FDI in Vietnam.
They also suggested that the government continue perfecting institutions and laws, including the legalization of the global minimum tax, well handling the relationship between internal and external forces, modernizing socio-economic infrastructure and accelerating national administrative reform, in order to attract and improve the quality and efficiency of FDI in 2023 and beyond.
According to the report, as many as 141 countries and territories around the world have poured investment into Vietnam, with a total registered capital of nearly US$440 billion as of February.
The report also showed FDI into Asia has increased continuously for the past three consecutive years, reaching US$619 billion in 2021. Notably, FDI in the green growth sector has risen sharply, up to 70% in 2021 compared to 2020. Many countries are preparing to apply the global minimum tax according to the principles of the Organization for Economic Cooperation and Development (OECD).
The report has been compiled from documents published by several prestigious international organisations, including the International Monetary Fund (IMF), the World Bank (WB), the Asian Development Bank (ADB), and the UN Conference on Trade and Development (UNCTAD).
Its main aim is to update investment trends both regionally and globally, and at the same time to provide investors, research agencies, and policy-makers with an overview picture of FDI activities, helping to fine-tune the legal mechanism and enhance the overall competitiveness of the investment environment.