Against the backdrop of an increasingly complex global investment environment, the Vietnamese government is actively taking measures to attract more foreign direct investment（The latest measure of FDI is to significantly simplify the investment approval process for semiconductor and other key industries. This decision aims to further optimize the business environment, provide more convenient and efficient investment channels for foreign investors, and help Vietnam achieve its economic growth goals.

According to Vietnamese Prime Minister Pham Minh Thang's speech at a regular government meeting, Vietnam's economic growth target for this year is set at least7%. To achieve this goal, Vietnam is making every effort, especially in promoting foreign investment. Fan Mingzheng pointed out that despite facing uncertainties and risks in the regional and international situation, Vietnam's economic and social situation remains stable, with macroeconomic stability, controlled inflation, and a trade surplus. However, he also candidly mentioned that there is an overlap in current legal provisions, slow introduction of some detailed normative documents, and relatively cumbersome administrative procedures, which to some extent hinder the inflow of foreign investment.

In order to overcome these obstacles, the Vietnamese government has decided to make significant reforms to the investment approval process. Premier Fan Mingzheng emphasized the need to focus on updating traditional growth drivers and vigorously stimulate new growth drivers, especially through the country's digital transformation to promote economic development. To this end, Vietnam's Minister of Planning and Investment, Nguyen Chi Dung, revealed to the media in Hanoi that Vietnam will change its way of thinking about investing in high-tech industries, shifting from pre review to post review.

Specifically, investors in future industrial parks, high-tech parks, export processing zones, and free trade zones will no longer need to apply for investment permits, but only need to register their investments. This process will greatly shorten the waiting time for investors, as they can receive the investment registration certificate issued by the relevant management committee within 15 days after submitting the registration. More importantly, investors holding this certificate will be able to avoid many approval processes, such as applying for construction permits, environmental impact assessments, and fire safety inspections, provided that investors strictly comply with existing rules and regulations.

The Vietnamese government's reform measures undoubtedly provide a more open and convenient investment environment for foreign investors. This move not only helps to enhance Vietnam's competitiveness in the global investment market, but also attracts more high-tech enterprises and innovative projects to settle in Vietnam, thereby promoting its industrial upgrading and economic structure optimization.