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The phrase "important and valuable" is correct and commonly used in written English.
It means something that is significant and has value or importance to someone or something. Example: "The safety regulations for this project are extremely important and valuable to our company's reputation and success."
Exact(60)
Scott's life and legacy are important and valuable.
The IWF and Ceop already do important and valuable work.
It is an important and valuable life-long skill.
In fact, I seem to talk almost incessantly about how important and valuable abortion rights are.
"If you have a Fifth Avenue address, it alone communicates what is most important and valuable".
They write: "Care workers do some of the most important and valuable work in society.
And that just got me started: the thrill of filming an important and valuable reality.
It is an important and valuable tool, and Wolfe should be praised for resurrecting its use.
And from this perspective, the campaign has achieved an important and valuable goal.
The DfE spokesperson said supply teachers perform an important and valuable role.
Mr. Fu's efforts are impressive, and his work in this area is extremely important and valuable.
More suggestions(17)
prominent and valuable
important and worthy
crucial and valuable
important and remarkable
important and priceless
important and commendable
important and laudable
important and worthwhile
important and beneficial
important and appreciable
vital and valuable
important and excellent
essential and valuable
important and value
significance and valuable
significant and valuable
important and invaluable
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com