Three foreign groups unveiled their plans to pour US$3.7 billion into Viet Nam at the Prime Minister’s meeting with foreign investors in Ha Noi on Saturday, reported the Ministry of Planning and Investment.

Among them, a group from the Republic of Korea is to invest $1.6 billion in heavy industry and logistics production; a German investor is eyeing green production using renewable energy with an estimated capital of $1.5 billion; and a Japanese investor plans to spend $600 million on medical equipment production.

To welcome the investment wave, Minister of Planning and Investment Nguyen Chi Dung said Viet Nam needs to prepare the necessary conditions, including "packages" of preferential policies and support for new investment in the context of the global minimum tax to be applied in 2024, improve the competitiveness of the investment environment and harmonise the interests of investors.

In the long term, Viet Nam will continue to remove bottlenecks in mobilising resources and production and trade. It will step up the disbursement of capital and consolidate trust with the motto "Placing the people and businesses at the centre, the subject, the goal and the driving force of development,” he said. — VNS