The Hanoitimes – Vietnam will actively and selectively attract foreign investments, taking high-quality, efficiency, modern technology and environmental protection as the key benchmarks. Vietnam is looking to attract investors from Japan and South Korea into the country's supporting industries as the localization rate of the sector is quite low compared to some countries in the region, according to General Director of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment Do Nhat Hoang. Overview of the signing ceremony. "To create favorable conditions for businesses who want to invest or expand their footprint in Vietnam, we have established a task force with the aim of solving every hurdle they are facing," Mr. Hoang said at a signing ceremony of a Memorandum of Understanding (MoU) between the FIA and Ernst & Young Vietnam Limited (EY Vietnam) on October 6. The MoU targets promoting investment opportunities towards the investors including EY clients across the globe, paving the way for their new and/ or expanded investment in Vietnam. Under the MoU, FIA will provide EY Vietnam with updated information on directions and policies to draw investment into Vietnam. The agency also assists investors introduced by EY Vietnam to conduct researches and… Read full this story
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