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Official Gazette

Friday, September 18, 2020

RESOLUTION No. 13/NQ-CP: Removing obstacles to foreign investment

Updated: 10:05’ - 28/04/2009

Six groups of measures have been identified by the Government to tackle problems in foreign direct investment (FDI) management and lure more FDI projects in the period of economic downturn.

In Resolution No. 13/NQ-CP of April 7, the Government pointed out short-comings after the investment licensing and management have been decentralized to local authorities, including imbalance in planning sectors and localities calling for FDI, inconsistency among investment regulations, poor infrastructure, shortage of trained workforce and violations of environmental protection law, which must be addressed to improve the investment environment.

The Government urges closer coordination between central and local agencies in training FDI management personnel and clarifying and unifying investment licensing procedures, and requests local administrations to publicize their master plans on development by the fourth quarter of this year.

Responsible authorities should review licensed FDI projects so as to revoke as soon as possible investment certificates of those proving infeasible, and complete an information system to release detailed information (profiles) on FDI-calling national projects up to 2010 and during 2011-2015 as well as an FDI information management system under Prime Minister Decision No. 43/2008/QD-TTg of March 24, 2008.

Local administrations should be more prudent in certifying FDI projects which involve high technologies, occupy large areas, exploit mineral resources or pose environmental risks. FDI projects occupying large land areas should be subject to local regulations on the minimum investment ratio per hectare.

More specific incentives should be given to some mega projects on national expressways, high-speed railways and key seaports.  

FDI promotion units should be set up by the Foreign Ministry, especially in key localities under Joint Circular No. 01/2008/TTLT-BKH-BNG of March 17, 2008, of the Foreign Ministry and the Planning and Investment Ministry. 

In the legal aspect, the Construction Ministry will revise some FDI-related provisions of the Construction Law to facilitate FDI project certification and call for more FDI in real estate projects, and improve regulations on housing and urban center development for promulgation in the third quarter of 2009. The Planning and Investment Ministry will draft a planning law for examination and passage by the National Assembly in 2010 or 2011, and propose policies on public-private partnership in infrastructure development.

Other issues, such as labor law dissemination among employees of FDI enterprises and consultation with foreign investors on making it easier to do business, were also addressed in the Resolution.-

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