NA Chairwoman Nguyen Thi Kim Ngan at the reception for NVCC delegation (Source: VNA)

The Hague (VNA) – The Vietnamese National Assembly will create a favourable, transparent and equal legal environment for foreign investors in general and those from the Netherlands in particular to do business in Vietnam.

NA Chairwoman Nguyen Thi Kim Ngan made the pledge at a reception for leaders of the Netherlands-Vietnam Chamber of Commerce (NVCC) in The Hague on March 26 during her ongoing official visit to the country.

The legislation leader said her visit to the country aims to deepen ties between Vietnam and the Netherlands and between the two parliaments.

She hailed the NVCC’s role in helping Dutch enterprises explore and invest in Vietnam’s market, believing that with its experience and knowledge of Vietnam, as well as its close-knit ties with the Dutch Government, the EU, the Embassy and other organisations of Vietnam in the country, the NVCC will provide more support for local enterprises to do business in Vietnam.

She hoped that the NVCC would continue serving as a bridge connecting Dutch investors with Vietnam.

For his part, NVCC President Erik Mattyssen briefed Ngan on the organisation’s structure and operation, saying it was established in 1995 after a Dutch business delegation visited Vietnam to explore the country’s investment environment.

The NVCC aims to promote investment and trade between the two countries, Mattyssen said, adding that all NVCCC management board members are leaders of enterprises and groups that are operating successfully in Vietnam.

He lauded Vietnam’s investment environment, expressing his belief in the country’s huge potential for economic development as well as investment opportunities for Dutch enterprises.

More and more enterprises from the Netherlands invest in Vietnam nowadays, he said, affirming that this shows the increasingly effective cooperation between the two nations’ enterprises.

He extended thanks to the Vietnamese top legislator for her commitment to a favourable, transparent and equal legal environment to foreign investors, pledging that the NVCC will do its utmost to connect the two countries’ firms.

Currently, Vietnam and the Netherlands are important trade and investment partners, with the latter Vietnam’s biggest export market in the EU.

In 2017, two-way trade between the two countries exceeded 7.77 billion USD. The Netherlands ranked 11 out of 126 nations and territories investing in Vietnam, with 305 projects worth nearly 8.2 billion USD.-VNA