Prime Minister Nguyen Tan Dung stated that the legal and businessenvironment in Vietnam will see fundamental, major changes with morefavourable and competitive features that will come up with a lot ofcooperation and investment opportunities for foreign businesses.
TheGovernment leader addressed a Republic of Korea-ASEAN CEO Summit heldin Busan, the Republic of Korea, on December 11, as part of activitiesmarking the 25th anniversary of ASEAN-RoK Diplomatic Relations.
Participantsanalysed challenges and opportunities to the development of eachcountry as well as the whole region and sought to accelerate economic,trade and investment between the ASEAN member countries and the RoK.
ReviewingVietnam’s socio-economic development achievements over nearly 30 years,the PM affirmed that the country has always paid attention to ensuringsocial welfare and equality and protecting the environment. It became amiddle-income country in 2010 and recorded a GDP per capita reaching2,000 USD in 2014.
During the global economic downturn, theGovernment’s efforts and the business community’s support have enabledthe country to maintain the macro-economic stability, rein in inflation,keep an economic growth of 5.6 percent a year, post an export growthrate of 18 percent a year, and raise its foreign currency reserves.
In2014, Vietnam’s economy continued to recover, estimating to achieve agrowth rate of 6 percent. Over 100 countries and territories haveinvested in 17,000 projects in the country with around 250 billion USD.More than 100 economic groups, including RoK giants, which were listedin the world’s 500 leading groups, have set foot in Vietnam.
Toimprove the country’s investment environment, the Vietnamese governmentand localities have regularly conversed with investors seeking toremove difficulties and obstacles facing them, the PM stressed.
TheNational Assembly has freshly passed the laws on Investment andEnterprises that look to offer simpler administrative procedures as wellas more transparent and favourable conditions for businesses to operateequally and stably line with international practice, he noted.
Hestated that the Vietnamese Government is restructuring the nationaleconomy, concentrating on public investment, financial and bankingsystems, and State-owned enterprises, along with transforming growthmodel towards enhancing its efficiency and competitiveness.
Thecountry’s accelerated equitisation of State-owned enterprises,especially economic groups, corporations, and big banks, will come upwith more business opportunities for the private sector and foreigninvestors, he said.
Vietnam currently needs a huge sum ofinvestments for its infrastructure development projects in such fieldsas power, renewable energy, urban transportation, seaport and airport,he said, noting that it is a good chance for foreign investors,especially those from the RoK, to make stronger involvement inpublic-private partnership model.
He made it clear thattogether with eight bilateral FTAs signed, Vietnam is negotiating for aTrans-Pacific Partnership as well as other new generation free tradedeals.
The fresh conclusion of an FTA with the Republic ofKorea is expected to open up new collaboration prospects for thebusiness circles of both Vietnam and the RoK, he said.
Vietnamcan serve as a gateway for RoK investors to enter other regionalmarkets with numerous preferences, he noted, vowing that the VietnameseGovernment and localities will work together to facilitate the stableand long-term operation of foreign investors, including RoK businesses,in Vietnam.
He was affirmative that Vietnam will become animportant chain of an economic network linking 55 partners, including 15G-20 members.
Vietnam always takes the success of foreign investors as its own, the PM concluded.
Onthe day, Prime Minister Nguyen Tan Dung granted interviews to leadingmedia agencies in the host country such as Yonhap, MBMG, Diplomacy, andChosun Ilbo.-VNA
TheGovernment leader addressed a Republic of Korea-ASEAN CEO Summit heldin Busan, the Republic of Korea, on December 11, as part of activitiesmarking the 25th anniversary of ASEAN-RoK Diplomatic Relations.
Participantsanalysed challenges and opportunities to the development of eachcountry as well as the whole region and sought to accelerate economic,trade and investment between the ASEAN member countries and the RoK.
ReviewingVietnam’s socio-economic development achievements over nearly 30 years,the PM affirmed that the country has always paid attention to ensuringsocial welfare and equality and protecting the environment. It became amiddle-income country in 2010 and recorded a GDP per capita reaching2,000 USD in 2014.
During the global economic downturn, theGovernment’s efforts and the business community’s support have enabledthe country to maintain the macro-economic stability, rein in inflation,keep an economic growth of 5.6 percent a year, post an export growthrate of 18 percent a year, and raise its foreign currency reserves.
In2014, Vietnam’s economy continued to recover, estimating to achieve agrowth rate of 6 percent. Over 100 countries and territories haveinvested in 17,000 projects in the country with around 250 billion USD.More than 100 economic groups, including RoK giants, which were listedin the world’s 500 leading groups, have set foot in Vietnam.
Toimprove the country’s investment environment, the Vietnamese governmentand localities have regularly conversed with investors seeking toremove difficulties and obstacles facing them, the PM stressed.
TheNational Assembly has freshly passed the laws on Investment andEnterprises that look to offer simpler administrative procedures as wellas more transparent and favourable conditions for businesses to operateequally and stably line with international practice, he noted.
Hestated that the Vietnamese Government is restructuring the nationaleconomy, concentrating on public investment, financial and bankingsystems, and State-owned enterprises, along with transforming growthmodel towards enhancing its efficiency and competitiveness.
Thecountry’s accelerated equitisation of State-owned enterprises,especially economic groups, corporations, and big banks, will come upwith more business opportunities for the private sector and foreigninvestors, he said.
Vietnam currently needs a huge sum ofinvestments for its infrastructure development projects in such fieldsas power, renewable energy, urban transportation, seaport and airport,he said, noting that it is a good chance for foreign investors,especially those from the RoK, to make stronger involvement inpublic-private partnership model.
He made it clear thattogether with eight bilateral FTAs signed, Vietnam is negotiating for aTrans-Pacific Partnership as well as other new generation free tradedeals.
The fresh conclusion of an FTA with the Republic ofKorea is expected to open up new collaboration prospects for thebusiness circles of both Vietnam and the RoK, he said.
Vietnamcan serve as a gateway for RoK investors to enter other regionalmarkets with numerous preferences, he noted, vowing that the VietnameseGovernment and localities will work together to facilitate the stableand long-term operation of foreign investors, including RoK businesses,in Vietnam.
He was affirmative that Vietnam will become animportant chain of an economic network linking 55 partners, including 15G-20 members.
Vietnam always takes the success of foreign investors as its own, the PM concluded.
Onthe day, Prime Minister Nguyen Tan Dung granted interviews to leadingmedia agencies in the host country such as Yonhap, MBMG, Diplomacy, andChosun Ilbo.-VNA
