Vietnam prioritises steady growth, selective investment attraction
VOV.VN - Vietnam will continue to give priority to sustaining steady growth and attracting selective investment in the coming time with flexible policies to be introduced appropriate to the conditions and circumstances of Vietnam and the world, said Prime Minister Pham Minh Chinh.
Chinh was introducing Vietnam’s future development policy during an exchange with World Economic Forum chairman and founder Klaus Schwab and leading WEF corporations in Dalian, China, on June 26.
To achieve the objectives, he said Vietnam will implement its ongoing proactive, flexible, timely and effective monetary policy, continue to reduce taxes, and promote public investment.
It advocates diversifying markets, products, production chains, supply chains, effectively implementing free trade agreements, expanding new markets, and facilitating trade liberalization.
The country will continue to maintain macroeconomic stability, control inflation and debts within allowable limits, and ensure the major balances of the economy. It will focus on promoting three strategic breakthroughs in institutions, infrastructure, and human resources.
Vietnam will continue to renew traditional growth drivers and strongly promote new ones, with priority to be given to the digital economy, green economy, circular economy, sharing economy, and knowledge economy that are all a growing trend in the world, said Chinh.
He asked foreign businesses to provide continued support for Vietnam, and assured that the government will further improve the investment environment to support businesses in operating effectively in the country.
The Prime Minister said that the government is about to issue a decree related to implementing the global minimum tax and amending the investment incentive policy from mainly tax incentives to financial, cost, and land incentives for priority projects.
Vietnam’s objective is to attract selective investment, prioritizing projects in emerging and high technology fields with high added value to support new growth drivers such as digital transformation, green transformation, semiconductors and artificial intelligence (AI), said Chinh.
The head of the Government reaffirmed Vietnam’s effort in implementing its net zero commitment, saying it is deploying green solutions, including the ongoing project to plant 1 million hectares of high-quality, low-emission rice in the Mekong Delta, the first of its kind in the world.
He requested that the WEF and its partners strengthen closer cooperation with Vietnam in providing consultations and suggestions for the development and planning of appropriate and effective policies, while creating conditions for Vietnam to take part in WEF initiatives and ecosystems.
He urged the WEF and its partners to further promote their important role as a bridge to accompany, support, and encourage businesses and investors to seek opportunities and invest in Vietnam for the rapid and sustainable development of its economy.
