FDI attraction requires outcome-based support policies: minister
Hanoi, Nov. 2 -- Draft amendments to the Law on Investment are intended to meet the requirement for growth of at least 10%, enhance Vietnam's competitiveness in attracting foreign investment and ensure the quality of capital inflows, particularly the level of participation by Vietnamese businesses in global value chains, Finance Minister Ngo Van Tuan said at a discussion on the bill during the 16th National Assembly's second session November 1. According to the minister, the draft law is being revised against the backdrop of projected total social investment demand for 2026-2030 being 2.21 times that of the 2021-2025 period. Disbursed foreign direct investment (FDI) alone needs to reach an average of 30-40 billion USD annually, six to sev...
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