Party official: Vietnam will offer incentives to foreign businesses with advanced technologies

Nguyen Van Binh, head of the Party Central Committee's Economic Commission, said the Party and State of Vietnam will offer incentives to foreign enterprises and investors who come to Vietnam with advanced technologies.

Binh made the statement at a meeting in Hanoi on Monday with participants of the Smart Industry World 2017 workshop. Binh said that Vietnam is in the industrialization and modernization process, which is expected to be completed by 2030, and that international firms play an important role in fulfilling this goal.

Binh reiterated Vietnam's wish to learn from experience of international firms to fine-tune its policies, apply scientific and technological advances, and develop human resources, creating a favorable environment for the development of the industrial revolution 4.0 in Vietnam.

Source: VOV5