Workshop held to discuss investment strategy in the new normal
VIETNAM, June 16 –
Poster of the workshop on investment strategy in the context of the new normal and the promotion of reform and innovation. — Photo courtesy of the organizer
HCM CITY – “Investment Strategy in the Context of the New Normal and Promoting Reform and Innovation” will be the main topic of a workshop in HCM City on June 17.
The Ministry of Planning and Investment will jointly organize the event with the National Innovation Center and Saigon Telecommunications Technology JSC to create economic recovery and development momentum in the post-COVID-19 period.
The workshop is an opportunity to identify challenges in the economic recovery process and apply creative practices to address these challenges, particularly in investment in infrastructure development and transport, areas that play a key role. in the growth of social investment capital and have a great ripple effect. for economic recovery.
The forum will bring together state officials from central agencies and ministries and selected localities. The seminar participates in KIND (an agency under the Korean Ministry of Land, Infrastructure and Transport that supports Korean investors in the development of infrastructure and urban projects in foreign markets).
The event also marks the 30th anniversary of diplomatic relations between Việt Nam and the Republic of Korea (1992-2022), in line with the common direction between the two countries to elevate the framework of relations to a “strategic cooperation partner overall”.
In November 2021, bilateral trade between Việt Nam and the Republic of Korea reached $70.38 billion, up 20% from 2020.
In 2021, Korea became the second largest direct investor in Việt Nam, with total investment for the year reaching $7.4 billion, up 85% from 2020.
Korea continues to be Việt Nam’s second largest development aid provider, with a commitment of $1.5 billion over the 2016-2020 period. Meanwhile, the Vietnamese community in Korea (estimated at more than 240,000 people) and the Korean community in Việt Nam (about 200,000 people) continue to overcome difficulties, stabilize their lives and increase their resilience in the face of the pandemic.
The seminar will provide participants with important information on Việt Nam’s mechanisms and policies to promote investment attraction, economic recovery and development after the COVID-19 pandemic.
During the seminar, leaders of some localities in key economic regions such as Ho Chi Minh City, Bà Rịa – Vũng Tàu, Đồng Nai, Long An, Thái Nguyên and Quảng Ninh with strong demand for infrastructure development will announce policies aimed at encouraging investment through specific programs and projects.
Despite the complicated developments in the global economy in the first half of 2022, with its own advantages, Việt Nam’s adaptive and flexible economy is gradually regaining its growth momentum with encouraging results.
One of the large-scale solutions proposed by the government is a NV 350 trillion economic support package, one-third of which will be used to invest in infrastructure development to complete critical traffic routes, such as the East North-South Highway; those connecting the northern mountainous region; and highways in the southeast and Mekong Delta regions, creating favorable conditions for investment and the development of production and business. —VNS