ested to attract more FDI in future:1. Legal environment: Rapidly improve a set of laws, and legal documents bearing on FDI in Vietnam; amend policies which are still inadequate and to further clarify the existing laws and regulations on FDI. Perfect and issue regulations ensuring equal opportunities for all enterprises, regardless of domestic ones or foreign invested ones. Together, provide foreign invested enterprises with the same competitive opportunities (prices of public services, market access, ect) as are available to domestic ones. Improve the machinery in charge of managing the activities of foreign investors from the central down to the local level, with definite division of tasks and lines of power between the central and local authorities, between various ministries and branches. Implement and provide guidance on the implementation of provisions relating to “retroactive application” in the law on Foreign Investment, which should be in accordance with international practice. Rapidly improve the general plans of various branches and provinces and, on that basis, provide concrete orientation to foreign investors. In terms of policies, we should focus on the following:1. Review and amend policies on taxes, land rents, exports and imports.2. Formulate and promulgate at early date policies giving preferential treatment to investment projects in the highlands, in islands, and in Central Vietnam.3. Study and announce policies on compensation and site clearance.4. Study and devise policies on allowing foreigners to buy shares in Vietnamese joint stock companies and to study measures designed to increase the share of the Vietnamese partners in the prescribed capital of joint-venture enterprises.5. Further concretize policies designed to develop export-processing zone, which are regarded as important centers for attracting FDI. Allow new forms of investment with contr...
