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Vietnam Focuses on Environment in Foreign Investment Strategy

Vietnam will make environmental protection a priority when considering future foreign direct investment projects, said Nguyen The Phuong, deputy minister at the Ministry of Planning and Investment.

“After 20 years calling for foreign investment, it’s now time for us to choose projects which can bring us not just economic benefits, but also help protect our environment,” Phuong told reporters at a conference in Hanoi today. “We will give priority to projects which come with green solutions, use less natural resources such as coal, fuel, and electricity,” Phuong said.

The ministry is working on a plan to attract foreign investment in fields which would help develop green technology in Vietnam, Phuong said, without elaborating.

To contact the editor responsible for this story: Nick Heath at nheath2@bloomberg.net

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