The National Assembly of Vietnam is contemplating reducing the investment procedures in the semiconductor industry and other industries to attract foreign companies to invest. Minister of Planning and Investment, Nguyen Chi Dung, stated that they will shift from pre-screening to post-screening for investments in the high-tech industry. The approval process for investments in industrial parks and export processing zones regarding environmental and disaster prevention will be abolished. He mentioned that delays in these processes hinder foreign investment opportunities.
TLDR: Vietnam is looking to streamline investment procedures to attract foreign companies, shifting from pre-screening to post-screening for investments in high-tech industries. They aim to abolish approval processes for investments in industrial parks and export processing zones related to environmental and disaster prevention, as delays in these processes hinder foreign investments.
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