Though Vietnam’s economic accomplishments over the last four decades have been exceptional, efforts must be redoubled to soon hit double-digit growth amid a complex global environment.
Mr. Phan Huu Thang, Chairman of the Vietnam Industrial Park’s Finance Association and former Director of the Foreign Investment Agency, previously under the Ministry of Planning and Investment and now under the Ministry of Finance, spoke with Vietnam Economic Times / VnEconomy’s Khanh Vy about the necessity of a set of criteria issued recently on appraising, evaluating, and screening foreign investment to attract high-quality projects essential for Vietnam’s growth.
Most Favored Nation import tax rates are to be reduced under a proposal from the Ministry of Finance as Vietnam seeks to enhance its trading environment.
Greenhouse gas emission quotas are to be allocated to the 150 largest emitting enterprises in certain sectors under a draft decree recently reviewed by a high-level meeting.
Ho Chi Minh City must address its shortcomings and build upon its existing strengths if it hopes to become a prosperous international financial center.
Though considered entirely feasible, Vietnam’s relatively small railway market presents difficulties in localizing its equipment and rolling stock supply chain and satisfying infrastructure requirements.