Overseas Vietnamese Community
Economic development and socio-political stability in Vietnam in recent years have exerted positive impact on the overseas Vietnamese Community, particularly after the Politbureau's Resolution 36 on overseas Vietnamese and the Government's "Action Plan on overseas Vietnamese" were adopted.
According to Mr. Ta Nguyen Ngoc, Director of Economic, Scientific and Technological Relations Department of the Committee on Overseas Vietnamese (Ministry of Foreign Affairs), total remittance in 2004 will would bebe over 3 bil USD (2.7 bil in 2003). In HCM City, up to November, remittance amounted to over 1.8 bil USD. Though official figures are not available, it is estimated that overseas Vietnamese have invested 540 mil USD under Foreign Investment Law and over 2,500 bil VND under Law on Domestic Investment Promotion.
Changes are also witnessed in association activities. For the first time, Vietnamese Association in Russia, Vietnamese Student Association in France and Vietnamese Business Association in the UK were established. In Thailand and Laos, Vietnamese community discussed the establishment of a nationwide association was under discussion in the Vietnamese community.
In May 2004, 32 organizations and 120 delegates attended an ethnic-Vietnamese American NGOs Conference in the US to discuss cooperating concerted activities in direction to the fatherland country. In Germany, the Czech Republic and Poland, Vietnamese Trade Centers were established. In Eastern Europe, Vietnamese residents cooperate to assist each other and seek partnership in Vietnam. MOFA and VCCI are discussing the establishment of contact points for import-export activities and Vietnam's investment abroad.
The Politbureau's Resolution 36 is a milestone that marks changes in mobilizing overseas Vietnamese's contribution to national development. Such The Resolutions guidelines have been realized through policies and activities of relevant agencies.
According to Mr. Ta Nguyen Ngoc, According to Mr. Ta Nguyen Ngoc, said:
Ministry of Construction is drafting a Decree to amendon Amending the Government Decree 81/CP of the Government so that more overseas Vietnamese will be eligible for buying houses linked with land use right. He also said, . overseas Vietnamese holding a visa valid for 3 months or longer can buy houses in Vietnam.
He also said, Ministry of Finance is reviewing one-price policy for overseas Vietnamese (since 1999, one-price airfare and service charge have been adopted applied for overseas Vietnamese).
Ministry of Justice is drafting a Resolution of the Standing Committee of the National Assembly on civil transaction involving foreign factorselements.
Ministry of Planning and Investment and other agencies are studying the amendments of Joint Circular 10 on implementing Law on Domestic Investment Promotion. Under current regulations, overseas Vietnamese are allowed to buy less than 30% of shares in domestic enterprises. In the draft, overseas Vietnamese will be allowed to acquire more shares.
In 2003, Overseas Vietnamese Assistance Fund was established with initial budget of 7 bil VND. In 2004, the Fund successfully hosted a Summer Camp in Vietnam for overseas Vietnamese youth.
MOFA is drafting a plan on encouraging overseas Vietnamese intellectuals to work in Vietnam, which is scheduled to be submitted to the Government in 2005. In 2004, dozens of top high-level overseas Vietnamese intellectuals have returned to Vietnam to work.
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