The Ministry of Public Security will review foreign investment projects to prevent "disguised" money laundering.

ANTD.VN - The Government assigned the Ministry of Public Security to review visa procedures for foreign investors, prevent "underground" investment activities, "disguised" investment for money laundering...

Chính phủ yêu cầu tiếp tục hoàn thiện chính sách hỗ trợ hoạt động đầu tư nước ngoài

The Government requires continued improvement of policies to support foreign investment activities.

The Government Office has just issued Document No. 9606/VPCP-QHQT conveying the direction of Deputy Prime Minister Tran Luu Quang on implementing solutions in the foreign investment cooperation strategy for the 2021-2023 period approved by the Prime Minister.

Accordingly, Deputy Prime Minister Tran Luu Quang requested the Ministry of Planning and Investment to coordinate with localities to strengthen state management of investment, supervision and law enforcement to take timely measures to remind and rectify; promote post-investment support to limit and prevent disputes arising with foreign investors.

At the same time, the Ministry of Planning and Investment coordinates and supports localities in promoting, negotiating, providing policy advice, and preparing necessary conditions to welcome foreign investment flows on the principle of mutual benefit; perfecting non-tax investment support policies for high-tech projects when applying global minimum tax.

The Ministry of Information and Communications is assigned to research and propose breakthrough solutions to attract the world's leading digital technology corporations (tech firms) to Vietnam, especially solutions to encourage investment in new technology and services in the digital economy.

In particular, the Deputy Prime Minister assigned the Ministry of National Defense to coordinate with the Ministry of Public Security and localities to review the operation of projects located in sensitive areas, ensuring close and effective combination between national defense and security and socio-economic development.

In particular, the Ministry of Public Security is required to review visa procedures for foreign investors, ensuring convenience in the implementation process; strengthen the appraisal and assessment of the impact on national security and social order and safety on international cooperation projects and foreign investment; deploy measures to ensure economic security, prevent activities that take advantage of investment transfer, acquisition, merger and acquisition of enterprises, "underground" investment, "disguised" investment to launder money, transfer pricing, tax evasion... affecting national security.

Regarding localities, the Deputy Prime Minister noted that it is necessary to attach responsibility to the heads of agencies for improper implementation of legal regulations related to foreign investment activities (slow processing of investment procedures; granting business certificates with incorrect information on investment incentives and business lines; inconsistent handling leading to complaints, etc.).

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