Investment Private sector development to enhance FDI efficiency By Dr. Phan Huu Thang Sunday, Jan 17, 2021,12:48 (GMT+7) Private sector development to enhance FDI efficiencyBy Dr. Phan Huu Thang Since 2014, Vietnam has paid attention to local enterprises. The freedom for people and enterprises to do business in industries and trades not banned or required conditions by the law has been legalized – PHOTO: THANH HOA Success is the major achievement of foreign direct investment (FDI) attraction in Vietnam over the past 33 years while shortcomings are still a minor aspect. However, if those shortcomings are not rectified early, FDI attraction over the coming time, for the immediate future to 2030, will not continue to fare as well as expected. In discussion over the theme “Continuing reform to attract FDI successfully,” besides necessary contents regarding shortcomings in FDI attraction over the past time, the author would like to deal with two contents: (1) Existing shortcomings which need urgent rectification; and (2) Development of the private sector to enhance the quality and efficiency of FDI in Vietnam. In the conference held to review 30 years of FDI attraction in Vietnam by the Ministry of Planning and Investment in October 2018, the following shortcomings in FDI… Read full this story
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