Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Ministries, localities urged to roll out measures to increase foreign investment
Deputy Prime Minister Tran Luu Quang has asked ministries, sectors and localities to promptly implement solutions to strengthen foreign investment attraction, according to a document released by the Government Office.
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| Ministries, localities urged to roll out measures to increase foreign investment |
Deputy PM Quang ordered the Ministry of Planning and Investment (MPI) to coordinate with localities to strengthen State management over investment, and strengthen post-investment support to minimise and prevent conflicts with foreign investors.
The MPI was requested to assist localities in policy consultations and preparations to receive foreign investment inflows on the win-win spirit, while popularising Vietnam's readiness to welcome new-generation investment as well as the country's advantages and potential.
Alongside, it is necessary to complete non-tariff policies for high technology projects when the global minimum tax is applied, asked the Deputy PM.
He urged the Ministry of Finance to work with other ministries and sectors to assess the impacts of the global minimum tax regulations and give advice to the Government and National Assembly on the issuance of effective policies with a suitable roadmap to minimise negative impacts and efficiently adapt to the regulations, while adjusting Vietnam's investment incentive framework to suit the new context and improve competitiveness in foreign investment attraction.
The Deputy PM assigned the Ministry of Industry and Trade to speed up the issuance and implentation of policies to ensure that the capacity of the domestic supporting industries meet the development requirements in the coming time, so that Vietnamese firms can engage in the supply chain of FDI businesses. The ministry should promote the implementation of power projects following the 8th National Power Development Plan to deal with the power shortage in some localities, he asked.
The Deputy PM also assigned specific tasks to particular ministries and sectors to strengthen investment attraction.
Particularly, he asked the People’s Committees of centrally-run cities and provinces to strengthen their capacity and reform the administrative procedures to better serve the people and enterprises.
They should provide best conditions to foreign investors in terms of administrative procedures, land stocks, infrastructure, labourers, he added./.
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