Investment for the good of the nation

13:00 | 26/01/2011
Nguyen Thi Bich Van, deputy director of Foreign Investment Agency under the Ministry of Planning and Investment (MPI), tells VIR more about the national investment promotion programme in 2011.

Does the 2011 national investment promotion program emphasise selecting infrastructure projects under public private partnership (PPP) form?

According to Decree 71/2010/QĐ-TTg presenting pilot regulations on investment under PPP form for infrastructure projects and public services provision, there are nine pilot project groups, which are on a large scale and imperative for socio-economic development.

Meanwhile, calling for investment promotion requires a long-time with specific jobs such as establishing projects, thinking of how to promote them to investors and seeking financial sources. The MPI is choosing suitable projects to search for investments. Targeted investors may be those, who come from the US, East Asia (Japan, South Korea) and Europe.

Did calling investment into supporting industry development generate poor results?

Vietnam is yet to have policy framework and concrete information about supporting industry, so that we faced difficulties calling for investment.

The Ministry of Industry and Trade (MoIT) has developed several supporting industry development planning schemes, however, the factor of inter-regional linkages was yet to be mentioned in these schemes. Therefore, in 2011 we will build a long-term overall programme in order to enhance investment into the supporting industry.

This programme will begin from policy-making, to database development about the real capacity and technology status of Vietnamese firms. Especially, we will organise meetings at home to determine investment demands, from there outlining appropriate investment promotion programmes.

Does this mean that investment promotion programme in 2011 will be carried out based on specific themes, sectors and region?

Yes, this is to ensure investment efficiency. When promoting investment into the supporting industry, the work is not simply calling for investment from overseas but there needs to be an overall programme with related operations to have the supporting industry in place in Vietnam.

Promoting linkages will also be counted on for developing investment promotion programmes in provinces, regions, and sectors in order to reduce spontaneous investments, which would harm overall investment efficiency.

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