PM pledges to facilitate foreign investment in Vietnam
The Vietnamese Government will continue creating favourable conditions for foreign businesses to make investment in Vietnam and protect their intellectual property and asset rights.
Prime Minister Nguyen Xuan Phuc (C) takes photo with entrepreneurs (Photo: VNA)
Phnom Penh (VNA) – The VietnameseGovernment will continue creating favourable conditions for foreign businessesto make investment in Vietnam and protect their intellectual property and assetrights.
Prime Minister Nguyen Xuan Phuc made the pledgeat a meeting on May 12 with representatives from 21 world leading companiesfrom the US, Canada, Japan, the Republic of Korea, the UK, Switzerland,Singapore and China’s Hong Kong, at the 26th World Economic Forum on ASEAN (WEFASEAN) in Phnom Penh, Cambodia.
He said doing business in Vietnam will giveforeign investors access to not only a market with 93 million people in Vietnambut also the greater market of ASEAN and the world, as the country has signed12 free trade agreements, and is pushing ahead with negotiations on four otherpacts.
The PM told the audience that Vietnam’s renewalprocess and open policies have helped domestic and foreign businesses reap successdoing business in the country.
At the meeting, WEF Managing Director PhilippRoesler described the Mekong River region, including Vietnam, as a dynamic areawith young population and urged enterprises to invest in the region and createmore jobs for young people.
Participating entrepreneurs recognized Vietnam’shigh determination and efforts to reform and improve the business investmentenvironment as well as the Government’s support for the foreign businesscommunity.
The same day, PM Phuc attended a talk on Vietnamheld by the WEF and Vinacapital, during which he said Vietnam strives torealize the average growth target of 6.5-7 percent from now to 2020.
The country will push ahead with the improvementof the market economy institutions and strongly encourage the development ofthe private economic sector to become an important driving force in thedomestic economy, he said.
He re-affirmed the resolve to build adevelopment-facilitating government, restructure the economy and reform thecountry’s growth model.-VNA
The World Economic Forum on ASEAN would be a chance for Vietnam to affirm its role in and responsibility towards the ASEAN and the region and to promote the country’s growing cooperation with the WEF.
A Vietnamese delegation led by Prime Minister Nguyen Xuan Phuc left Hanoi on May 11 morning to attend the World Economic Forum on ASEAN (WEF-ASEAN) in Phnom Penh, Cambodia.
Prime Minister Nguyen Xuan Phuc received in Phnom Penh on May 11 senior representatives of the World Economic Forum (WEF), the Asian Infrastructure Investment Bank (AIIB) and Cisco of the US.
Prime Minister Nguyen Xuan Phuc met with leaders of major businesses on the sidelines of the World Economic Forum (WEF) on ASEAN 2017 in Phnom Penh, Cambodia, on May 12.
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Prime Minister Nguyen Xuan Phuc (C) takes photo with entrepreneurs (Photo: VNA)
