Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue hosted a receptionfor Nike Vice President Chris Helzer in Hanoi on June 10.
Speaking highly of Nike’s contributions to Vietnam’s exports and growth, hestressed that besides successful business operation, Nike has made anincredible job to improve social welfare and human resources training in thecountry.
As Vietnam will have more favourable policies for enterprises that apply highand environmentally friendly technologies as well as build R&D centres inthe country, Deputy PM Hue hopes Nike, Inc. will invest heavily in advancedtechnologies in the leather shoe sector.
The country will announce a new strategy to lure and use foreign directinvestment (FDI) in the coming time. In addition, it is legalising itscommitments to the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP), and revising the Labour Code to make it more compatiblewith international commitments as well as build stable relations withinenterprises, he stressed.
Regarding Nike’s recommendations, Deputy PM Hue said that the Government hasasked the Vietnam Electricity (EVN) and Dong Nai province to supply sufficientpower for Nike’s production. A wide range of wind and solar power projects willbe put into use soon, helping ensure adequate electricity for local production.
As for corporate tax, the Government has directed competent ministries andagencies to settle the issue to harmonise benefits of both enterprises andState, he said.
Chris Helzer, for his part, affirmed that Vietnam is the most important marketof Nike’s production for export products as half of the corporation’s goods areproduced in Vietnam.
He lauded Vietnam’s workforce who are industrious and willing to study toimprove labour productivity and product quality, and thanked the VietnameseGovernment, ministries and localities for supporting the firm over the past 24years.-VNA
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