The Hanoitimes – Korean government will provide non-refundable aid of US$5.5 million to Vietnam, in addition to Vietnam`s counterpart fund of US$700,000 to develop the project in period 2018 – 2020. The National Investment Information System (NIIS) was developed in period 2008 – 2011 by the Ministry of Planning & Investment (MPI), said Vice Minister Vu Dai Thang at the signing ceremony of the record of discussions between MPI and Korean International Cooperation Agency (KOICA) on May 3. Korea to support Vietnam developing national investment information system. Consequently, the system has been put into operation since July 1, 2015. “However, due to limited financial capabilities, the system only serves basic functions, which required to be upgraded to meet current requirements,” said Thang. The fund provided by Korean government, thus, will support MPI in upgrading the system comprehensively. This project is aimed to enhance MPI’s capabilities in collecting, managing and analyzing national information on investment; providing public online services for investors, as well as being supporting instrument for local authorities in issuing investment certificate and managing the projects afterwards. The project will be operated in a platform compatibility with other information system, with an aim to processing and analyzing information… Read full this story
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