Hanoi, July 13 -- Politburo Resolution No. 10-NQ/TW on the development of the foreign-invested sector marks a shift in Vietnam's approach to attracting FDI, laying the groundwork for Ho Chi Minh City to move from attracting individual projects to building an ecosystem capable of drawing high-quality investment, fostering innovation, facilitating technology transfer and enhancing national competitiveness.

Accelerating project licensing

Recently, the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) granted an investment licence to Automation Technologies Vietnam, a subsidiary of Singapore's Ito Group, for a project worth about 8 million USD. The 12,000-square-metre factory is scheduled to break ground in August 20...