The Prime Minister issued this Directive on June 22, requesting ministries, branches and provincial-level People’s Committees to apply a number of major solutions to promote foreign investment in Vietnam. Specifically:
- To speed up the formulation and approval of plannings; to review plannings in order to adjust inappropriate ones in order to help investors determine and formulate projects; to finalize and publicize land use plannings for speeding up ground clearance for investment projects;
- To continue issuing legal documents guiding investment- and business-related laws; to review laws and policies, amend or annul incentives or subsidies which are no longer compliant with WTO regulations or international commitments, and take solutions to assure investors’ interests;
- To finalize and publicize a list of national projects calling for foreign investment in the 2006-2010 period with orientations to 2020; to establish overseas investment promotion offices;
- To decentralize foreign investment management, especially in approval of investment projects, grant of investment certificates and management of foreign investment projects; to simplify and publicize administrative processes and procedures related to foreign investment and apply the “one-stop shop” mechanism in carrying out investment procedures;
- To continue raising the efficiency of anti-corruption activities and uphold the sense of individual responsibility in practicing thrift and combating waste in state administrative agencies.-