Decision No. 40/QD-TTg dated January 07, 2016 of the Prime Minister approving the Overall Strategy for international integration through 2020, with a vision toward 2030

Encourage private investment and public-private partnership

The Prime Minister has signed the Decision No. 40/QD-TTg dated January 07, 2016 approving the Overall Strategy for international integration through 2020, with a vision toward 2030. International integration through 2030 aims to contribute strengthening the nation’s aggregate strength; make best use of favorable international conditions to early build the country into a modern-oriented industrial one, and improve the people’s living standards; and enhance the country’s position and prestige in the world.

To achieve these above objectives, the Prime Minister assured to constantly improve the environment to attract foreign investment, associate attraction with supervision of the implementation process and ensure economic security and economic- social-environmental effectiveness. To accelerate the process of restructuring public investment and encourage private investment and public-private partnership activities; To raise competitiveness of the country, businesses and products; to strive to build national trademarks and brands that are globally prestigious; To speed up administrative reform and enhance effectiveness and effect of the state apparatus. To simplify administrative procedures and the process to settle administrative formalities, review and quickly abolish administrative procedures that are no longer appropriate; to forge ahead the building of the models of e-government and public administration service center so as to build an open, transparent and stable investment environment. During 2016-30, home-made goods will hold major shares of the domestic market.

At the same time, to guide, encourage and create conditions for localities to proactively and actively integrate in the world so as to achieve their socio-economic development objectives; to boost cross-border integration between border areas and regions and neighboring countries; To develop and apply trade safeguards so as to protect lawful rights and interests of domestic businesses; to prioritize training of trade negotiators; to train lawyers knowledgeable about international law, proficient in foreign languages, and qualified to participate in international proceedings; to train consultants, accountants, auditors and business administrators of international levels...