Prime
Minister Nguyen Tan Dung has demanded the strict management of foreign direct
investment nationwide.
Dung’s directive aims to improve the quality
of foreign direct investment (FDI) projects and encourage projects which apply
state-of-art and environmental friendly technologies.
New FDI projects must effectively utilise
natural resources, reinforce linkages with domestic enterprises, and lure more
investment into auxiliary industries, agriculture, preferential services, IT
and hi-tech industries.
Dung ordered local authorities not to grant
investment certificates to energy and natural resource intensive projects.
Projects which use outdated technology and pollute the environment are also
prohibited.
Dung asked ministries and local authorities to
make preferential investment policies and “improve
the quality” FDI appraisements as well as
effectively apply investment certification and management decentralisation
procedures.
Dung noted the importance of efficient FDI
flow management as well as inspection of large-scale projects.
The Ministry of Planning and Investment was
assigned to work with other ministries and localities to raise the efficiency
of FDI attraction, spending, and management during 2011-2020. Meanwhile, the
Ministry of Industry and Trade is in charge of drafting a project to better state
management and FDI focus in the areas of supporting industries, electricity and
commerce during 2011-2020.
The Ministry of Natural Resources and
Environment is responsible for raising the efficiency of the state management
in the areas of land, environment, and consumption of natural resources and
minerals.
VIR
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