Minister of Planning and Investment Nguyen Chi Dung at the event (Photo: VNA) Hanoi (VNA) - Minister of Planning and Investment Nguyen Chi Dung has askedlocalities to bring their advantages into full play to welcome a wave ofshifting FDI over the next six months.
He madethe statement during a government-to-locality online conference in Hanoi onJuly 2.
TheMinister briefed attendees on the economic situation in the first half of thisyear, saying that total social investment reached 850 trillion VND (36.92billion USD), up 3.4 percent against the same period last year and equal to 33percent of the country’s GDP.
As of June20, Vietnam had raked in 15.67 billion USD in foreign investment, down 15.1percent year-on-year, while industrial production expanded 2.71 percent.
Thecountry posted growth of 1.81 percent in the first half, Dung continued, its lowestresult in decades but a truly remarkable figure given the situation. Vietnam isone of only a few countries posting GDP growth.
As manyshort-term and long-term challenges remain, Dung urged ministries andlocalities to focus on economic recovery in a spirit of “fighting against economicrecession is like fighting the enemy”, similar to the fighting COVID-19 mottoinitiated by Prime Minister Nguyen Xuan Phuc.
He alsoasked them to foster innovation, apply regional and global standards and rulesin economic management, seek new growth engines, and accelerate economicrestructuring and recovery towards the development of a more independent and sustainableeconomy.
He alsourged the review of all conditions regarding land, infrastructure, and humanresources, to prepare for the shift in FDI to the country. Greater attentionshould be paid to environmentally-friendly projects funded by high-tech andmultinational conglomerates, he said./.
He madethe statement during a government-to-locality online conference in Hanoi onJuly 2.
TheMinister briefed attendees on the economic situation in the first half of thisyear, saying that total social investment reached 850 trillion VND (36.92billion USD), up 3.4 percent against the same period last year and equal to 33percent of the country’s GDP.
As of June20, Vietnam had raked in 15.67 billion USD in foreign investment, down 15.1percent year-on-year, while industrial production expanded 2.71 percent.
Thecountry posted growth of 1.81 percent in the first half, Dung continued, its lowestresult in decades but a truly remarkable figure given the situation. Vietnam isone of only a few countries posting GDP growth.
As manyshort-term and long-term challenges remain, Dung urged ministries andlocalities to focus on economic recovery in a spirit of “fighting against economicrecession is like fighting the enemy”, similar to the fighting COVID-19 mottoinitiated by Prime Minister Nguyen Xuan Phuc.
He alsoasked them to foster innovation, apply regional and global standards and rulesin economic management, seek new growth engines, and accelerate economicrestructuring and recovery towards the development of a more independent and sustainableeconomy.
He alsourged the review of all conditions regarding land, infrastructure, and humanresources, to prepare for the shift in FDI to the country. Greater attentionshould be paid to environmentally-friendly projects funded by high-tech andmultinational conglomerates, he said./.
VNA
