More unnecessary and unreasonable businesses and conditions to be removed, ensuring profound and consistent implementation of investors' freedom to do business?
Implement innovation to improve competitiveness?
Pursuant to Section III, Article 1 of Decision 667/QD-TTg dated June 2, 2022 of the Prime Minister stipulating the renewal and enhancement of competition in attracting foreign investment:
- Formulate policies to attract foreign investment in a balanced and reasonable manner among regions; ensure the attraction and cooperation of foreign investment in accordance with the direction, planning, development requirements and goals of improving Vietnam's position in the global production chain.
- Consider investment incentive policies according to output results such as added value, components using high technology, research and development, technology transfer to Vietnamese enterprises, and support. Supporting Vietnamese businesses to participate at all levels in the supply chain.
- Step by step shift from attracting foreign investment suitable to the existing domestic product group to taking the lead and developing mechanisms and policies to improve the ability to attract investment and produce products prioritized for development in the country in each phase.
- Formulate institutions and policies for economic zones, industrial parks, high-tech parks, concentrated information technology zones, hi-tech agricultural zones and other similar models in a clearly defined direction. development focus and outstanding mechanisms and policies suitable to the characteristics of each model, ensuring linkage and synchronization with other regions.
Accordingly, it is necessary to develop a balanced and reasonable foreign investment policy among regions to ensure the attraction of foreign investment in accordance with the set plan. It is necessary to consider preferential policies to enhance competitiveness.
Research to continue to cut off unnecessary and unreasonable businesses, ensuring profound and consistent implementation of investors' right to freedom of enterprise?
Solutions to develop an ecosystem of science, technology and innovation?
Pursuant to Section III, Article 1 of Decision 667/QD-TTg dated June 2, 2022 of the Prime Minister stipulating solutions for ecosystem development in science, technology and innovation:
- Promote and raise awareness among all levels of government about the importance of innovation and creative entrepreneurship. Building and developing the National Innovation Center, connecting with regional, local and enterprise innovation centers to develop an ecosystem of startups, innovation, and business support. approach to technological innovation and creative start-ups.
- Drastically and effectively implement Resolution No. 50/NQ-CP of the Government dated April 17, 2020 on the Action Program to implement Resolution No. 52-NQTW of September 27, 2019 of the Politburo on a a number of guidelines and policies to actively participate in the Fourth Industrial Revolution.
- Build and developing a science, technology and innovation ecosystem with a flexible management mechanism that is suitable for the digital business environment to create a favorable space for innovation and creative start-ups, creating a foundation for attracting and developing high-tech industries.
- Have policies to encourage cooperation, technology transfer and governance on the basis of agreement and voluntary for Vietnamese enterprises. Improve standards and technical regulations on products, environmental protection, resources and energy saving in harmony with regional and international standards.
- Complete the legal framework on the establishment, protection and commercialization of intellectual property rights in order to ensure the rights and interests of organizations and individuals participating in scientific, technological and creative activities.
Accordingly, it is necessary to build and develop a generation of science, technology and innovation with a flexible and appropriate operating and management mechanism. Have policies to encourage cooperation and technology transfer.
Improvement of the business investment environment and of the competitive quality of the economy?
Pursuant to Section III, Article 1 of Decision 667/QD-TTg dated June 2, 2022 of the Prime Minister, providing for the improvement of business investment environment, quality, efficiency and competitiveness of the economy
Focus on improving the indicators to evaluate Vietnam's competitiveness according to the evaluation criteria of the World Bank, the Intellectual Property Organization and the World Economic Forum; focusing on low indicators of institutions, infrastructure and commodity markets. Accordingly, it is necessary to synchronously implement the following specific solutions:
- About the institution
+ Strengthen the active, strong, even and substantive participation of ministries, branches and localities in order to create a fair, open and transparent business and investment environment. To ensure a stable, unified, synchronous, and perfect investment environment and legislation, to promptly adapt to new issues, to deal with inadequacies in order to improve the quality and efficiency of foreign investment.
+ Improve predictability and transparency in the development of legal documents; develop a process to monitor and evaluate the suitability, impact and quality of the policy, and the effectiveness and efficiency of the policy implementation.
+ Research and develop a mechanism to apply business investment procedures flexibly according to the principle of post-audit to suitable business lines to create competition in the process of attracting and using investment capital. foreign investment.
+ Strictly control the issuance of business investment conditions for conditional investment and business lines. Research to continue to cut unnecessary and unreasonable business investment sectors, professions and conditions, ensuring the full and consistent implementation of investors' right to freedom of business in accordance with the law.
+ Complete the provisions of the law on prevention of investment disputes; propose solutions to solve problems and disputes of investors, early warning about the risk of disputes arising between the State and foreign investors.
+ Promulgate policies to create a legal corridor for the development and management of new investment forms and methods in line with international practices.
+ Strictly control the acquisition behavior of foreign investors and foreign-invested enterprises in domestic enterprises, especially large enterprises and enterprises operating in strategic fields; strictly control investment projects that have the potential to negatively affect national security and public order.
+ Accelerate the construction and completion of the institution to create a full and comprehensive legal basis for the implementation and development of e-Government, towards the digital government and digital economy in Vietnam.
+ Review and evaluate the superior institutional solutions that have been piloted or applied with good results, and implement institutionalization nationwide; assess the incentives that create institutional inequalities across regions in order to narrow and eventually eliminate conditions of inequality and institutional inconsistency.
- About infrastructure
+ Plan for infrastructure development in a modern synchronous direction, with strategic thinking, long-term vision, associated with regional linkages to create a driving force for development spillover.
+ Perfecting mechanisms and policies to create favorable conditions for all economic sectors, including the foreign investment sector, to invest in infrastructure construction and business in various forms, focusing on the public-private partnership (PPP) model, research and developing a risk-sharing mechanism in line with international practices.
+ Promulgate a list of prioritized projects to attract investment in infrastructure development in order to develop a high-quality infrastructure system, such as traffic infrastructure, telecommunications infrastructure, information technology, electricity, water, logistics... to reduce transportation costs, input costs of enterprises, and improve the competitiveness of the economy.
- About the commodity market
+ Diversify export markets, taking advantage of signed free trade agreements, especially new-generation agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP).
+ Review policies and measures on tariff and non-tariff barriers, ensure integration commitments as well as interests of domestic enterprises, and improve cooperation efficiency with foreign investment sector.
+ Fully form and ensure the efficient operation of all kinds of markets in service of commodity production, especially markets directly related to foreign investment such as finance, land, labor, technology, etc. turmeric...
+ Increase market liberalization of factors of production of goods; ensure market principles in access to land, capital and market entry opportunities.
Thus, measures to improve the business investment environment, improve the quality, efficiency and competitiveness of the economy are implemented in such aspects as institutions, infrastructure and commodity markets.
The above are some internal solutions to implement the foreign investment attraction strategy in the 2021-2030 period according to the Prime Minister's Decision 667/QD-TTg dated June 2, 2022.
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