“In the coming time, we are slated to establish Ministry of Overseas Vietnamese if necessary” stated Tran Quang Hoan, Deputy Head of the Committee of Overseas Vietnamese.

Deputy Head of the Committee of Overseas Vietnamese Tran Quang Hoan

According to the Central Committee of Overseas Vietnamese, the number of overseas Vietnamese entrepreneurs returning to Vietnam for business has been increasing rapidly in recent years.

To date, HCM City has two organizations of overseas Vietnamese, the Association of Overseas Vietnamese Enterprises and the Club of Overseas Vietnamese Entrepreneurs, which were established to support overseas Vietnamese to explore investment opportunities in Vietnam.

Talking with Tien Phong reporters, Mr Tran Quan Hoan said that the Club of Overseas Vietnamese Entrepreneurs took a trip across Vietnam last year to help abroad businessmen to seek cooperation opportunities in different areas in Vietnam. The trip resulted in the establishment of 15 companies with 60% of the investment sourced from overseas Vietnamese investors, 30% by local government, and the remaining 10% by other financial sources.

Regarding the rights of buying, selling and transferring real estate applied for overseas Vietnamese, Mr Hoan expressed his strong belief in Vietnamese Government’s open policies toward the issues although they have not been tabled for discussion. However, there has been an improvement in the procedure of identifying Vietnamese bloodlines, and the Government has empowered city and provincial authorities to recognize bloodlines for overseas Vietnamese.

There are currently three million overseas Vietnamese. The Committee of Overseas Vietnamese under the Ministry of Foreign Affairs has taken on more staff and had its funding increased to successfully carry out resolution No. 36/ by the Politburo.

According to Mr Hoan, Ministry of Overseas Vietnamese may be established depending on the situation.

(Source: Tien Phong)