The Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI).
Local companies are unable to compete with their foreign rivals in major export-oriented sectors such as electrical, electronics, computers, and machinery accessories manufacturing because of inequitable investment incentives.
The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Viet Nam, according to experts gathered at a workshop on Tuesday in Ha Noi.
The Ministry of Planning and Investment is in the process of completing the draft Law on Special Administrative-Economic Units, with adjustments being made in terms of local operations and foreign investment policies.
Businesses from Italy’s Trento Province have shown their interest in Viet Nam’s investment incentives, especially in technology, electro-mechanics, green agriculture, forestry and pharmaceuticals, which are its strengths.
The Cuu Long (Mekong) Delta city of Can Tho has implemented measures
like improving infrastructure and offering investment incentives to
attract more investors, especially to its industrial parks.
The Ministry of Science and Technology and the Hoa Lạc Hi-tech Park are
to complete a draft of a decree on specific investment incentives for
the park, according to the ministry.