It becomes vital for Việt Nam to reform investment incentives in the context of a rapidly changing and complicated world, the ministry said. The three most important factors affecting the decision to choose a location for an investment are security, political stability, investment incentives and policy predictability. The MPI raises seven proposals to reform investment incentives. Seventh, it is necessary for Việt Nam to improve the investment environment and simplify administrative procedures. The ministry recently made public a draft decree on an investment support fund as a solution to attract strategic investment when GMT is adopted.

Source: Viet Nam News January 02, 2024 06:33 UTC