In an interview with Lao Dong Newspaper about attracting investment for the semiconductor industry, Minister of Planning and Investment Nguyen Chi Dung provided very interesting information, that is, the Ministry has advised the Government to submit to the National Assembly for consideration special policies for the high-tech industry, including semiconductors.
It is noteworthy that enterprises in this field when investing in industrial parks and export processing zones in Vietnam do not need to apply for a license, they only need to register for investment and within 15 days will be granted an investment registration certificate.
When granted an investment registration certificate, businesses only need to commit to implementing issues related to construction, environment, and fire prevention and fighting. This policy will switch from pre-inspection to post-inspection to shorten the time.
Once regulations and standards are issued, businesses must comply. Then, inspection agencies will inspect and handle violations according to regulations.
This can be said to be a dream process of attracting investment, demonstrating the Government's efforts and determination in the race with many countries in the region and the world to capture as much of the semiconductor market share as possible - promising a global revenue figure expected to reach about 1,000 billion USD by 2030.
Saying "in a dream" is because construction, environment, fire prevention and fighting are 3 issues that currently have complicated and cumbersome procedures in our country, causing difficulties as well as wasting the most effort and money for businesses when deciding to invest.
However, not only enterprises in the high-tech or semiconductor fields but also enterprises investing in other fields need to enjoy this preferential policy to create attractiveness and promote even development, avoiding favoritism.
Another issue is that shortening processes and procedures like this also needs to be applied to many other areas besides attracting foreign investment.
At the National Assembly, when explaining and clarifying a number of issues regarding the draft Law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership model and the Law on Bidding, the Minister of Planning and Investment himself also gave many examples on this issue.
He cited Dubai building a 600-hectare city with 500 buildings, worth 20 billion USD, in exactly 5 years.
Meanwhile, in Vietnam, a project, just considering the planning, design, and budgeting stages, takes a whole year.
To be as fast as your country, we need to change many things and start by eliminating and shortening unnecessary administrative procedures!
