Illustrative photo (Photo: VNA)

HCM City (VNA) – Standing Deputy Prime Minister Truong Hoa Binh applauded efforts and robust achievements made by the overseas Vietnamese businesses, especially the role of the Business Association of Overseas Vietnamese (BAOOV) in the national construction and protection.

Attending the BAOOV’s congress for its 2018-2023 term, Deputy PM Binh affirmed that the Party and State have paid special attention to the Vietnamese people community in foreign countries, including the overseas Vietnamese enterprises.

As they are an inseparable part of the Vietnamese nation and touted as a driving force of the country’s development, mechanisms and policies will be refined to help them to stabilise their livelihoods, integrate into the host nations and branch out business operation, he said.

He asked the Ministry of Foreign Affairs, the State Committee for Overseas Vietnamese Affairs, and the Vietnam Chamber of Commerce and Industry (VCCI) to grant more support for the overseas Vietnamese firms in their business operation and investment.

The Government and relevant organisations will continue working to remove bottlenecks for the companies so that they can expand their business in the homeland, he noticed.

He expressed his hope that the BAOOV will expand its network and take full responsibility for defending legitimate rights and benefits of its members while serving as a catalyst to bolster cooperative ties and friendship between Vietnam and international friends.

At the event, VCCI President Vu Tien Loc asked the overseas Vietnamese businesspeople to recommend measures to the Government to improve the business climate and set up a rational economic institution for the development of the companies.

He wished that the overseas Vietnamese businessmen will play the role as “economic ambassadors” to make contributions to trade and investment promotion activities and step up economic relations between Vietnam and countries and territories worldwide.

Regarding the BAOOV’s orientation for its new tenure, the association will organise various activities to enhance exchange among its members to share information, step up cooperation and seek investment opportunities. It will give priority to media work to branch out the network to join in the national development process.

Since its establishment in 2009, the association’s network has been present in many countries and territories. It has channeled focus on building a sound business climate for overseas Vietnamese firms, provided information on projects and investment opportunities inside and outside Vietnam, given consultations on regulations, administrative procures and State’s policy to its members.

Programmes have been held to connect overseas Vietnamese companies and domestic enterprises.

A new executive board with 33 members was chosen at the congress. President of My Lan Group Nguyen Thanh My was elected as Chairman of the BAOOV during 2018-2023.-VNA