Promoting Foreign Investment Through Decentralized Services
The Vanuatu Foreign Investment Promotion Agency (VFIPA) proudly participated in the 2024 Public Service Commission (PSC) Day, held from August 28 to August 30 at the National Convention Centre in Port Vila. Themed “Strengthen Government Decentralized Services through Innovative Approach,” the event highlighted the critical role of government services in promoting economic development across the country.
VFIPA’s booth attracted significant attention, with representatives engaging visitors in discussions about the agency’s role in facilitating foreign investment. Over the three-day event, VFIPA provided comprehensive information on the registration process for investors, the requirements and fees involved, and the agency’s cutting-edge Management Information System (MIS), which enhances operational efficiency.
Sunita Otto, a VFIPA representative, expressed her satisfaction with the event’s outcomes, saying, “Participating in PSC Day 2024 was a rewarding experience. The level of public interest, particularly from young people, in VFIPA’s work is encouraging. It’s clear that the community values the role we play in fostering economic growth and supporting local businesses.”
Another team member, Lashie Tom, echoed this sentiment, stating, “The theme of this year’s event perfectly aligns with our mission at VFIPA. Strengthening decentralized services through innovative approaches is at the heart of what we do, as we continuously work to bring investment opportunities to all corners of Vanuatu.”
Reflecting on the significance of the event, Lorenzo Raplili added, “The theme of this PSC Day underscores the importance of VFIPA’s work in promoting sustainable, inclusive growth. By facilitating foreign investment, we are helping to decentralize economic opportunities, ensuring that the benefits of investment reach every province in Vanuatu.”
The VFIPA team engaged with a wide range of visitors, including primary and secondary school students, university students, local business owners, and landowners. Many inquiries focused on sectors needing more investment, the impact of foreign investors obtaining citizenship, and how VFIPA can assist local landowners in forming partnerships with foreign investors without selling their land.
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