act pattern similar to BOT, BT.... Allow foreign investors to shift their investment forms reasonably.2. Financial issues The Vietnamese government or its organs should make commitments on loans, on the mobilization of capital, on the exchange of Vietnamese currency into foreign currency, on remittance of profits abroad, on stabilizing prices, on allowing foreigners to conduct business independently within the framework of law, to reinvest their profits, to expand their projects, etc. Such commitments should be clearly formulated in contracts concluded between foreign investors and authoritative government organs of Vietnam. Revise the tax policies with a view to making them more reasonable and long lasting, encourage foreign invested enterprises to use local raw materials and save them from paying higher taxes for imported raw materials than when importing finished products. 3. Personnel training Apply a regime of appointment or selective examination, first and foremost with respect to important projects. Officials (irrespective of their branches or provinces) who have successfully passed the examination are entitled to be enrolled in enterprises which need such personnel. In case of necessity, the provincial people’s committees can replace the land users in order to have partners which are able to co-operate with foreign investors, or at least to secure the participation of units which, while not holding any land, have the required knowledge and expertise for running joint-ventures. It’s necessary to work out regulations for the management and control of officials who are now working in enterprises with foreign invested capital. Various ministries and local people’s committees should take a hard look at the contingent of officals involved in foreign investment, and particularly officials who are working in joint-ventures, in order to make the necessary readjustments, i...
