Apart from investment attraction policies, Vietnam also needs to help investors, particularly in reforming mechanisms, establishing a legal environment, and creating opportunities, Prof. Dr. Hoang Van Cuong, Member of the National Assembly's Finance and Budget Committee, has said.

He made the suggestion in an address to the annual Vietnam Economic Scenario Forum 2024, which was co-hosted by VnEconomy / Vietnam Economic Times (VET) and the Ministry of Foreign Affairs (MoFA) in Hanoi on January 11, with the theme “Promoting mechanisms and policies, vigorously implementing new growth drivers”.

It is also necessary to have action from the government, businesses, and investors in policy implementation, he said. The first thing that needs to be done is to create trust and opportunities about entering Vietnam.

Another key factor is boosting domestic consumption, he said, stressing that Vietnam has a domestic market of 100 million people.

Apart from new growth drivers, it is also essential to pay attention to old growth drivers, including public investment, he believes. He suggested that public investment should not only focus on transport infrastructure but also other infrastructure, science and technology, and digital transformation.