The Vietnamese Government will create favourable conditions for Portuguese enterprises to launch sustainable long-term investments and operations in the country, Prime Minister Nguyen Tan Dung highlighted while engaging in a dialogue between Vietnamese and Portuguese enterprises held in Lisbon, Portugal on June 3.

The PM shared that Vietnam has risen from a poor country to a developing nation with middle income and an average 7.5 percent growth rate from 1991-2010.

Presenting Vietnam’s stable political environment and growing socio-economy, PM Dung declared his nation is striving to complete the market economy mechanism, innovate growth models and improve competitiveness.

Vietnam is actively integrating globally with a focus on economics, he claimed.

He went on to note that Vietnam is on course to conclude pending free trade agreements with 55 trade partners, including 15 members of the G-20.

Given the significant cooperation potential based on flourishing economic and political affiliation between Vietnam and Portugal, PM Dung said Vietnam welcomes the investment of Portuguese enterprises in a number of projects in cultivation, fisheries, food processing, IT and tourism, among others.

As the Vietnam-EU free trade agreement is expected to be signed soon, he urged Vietnamese businesses to boost the volume of key commodities—such as agricultural produce, woodwork products, electronic devices and apparel—exported to Portugal, while seeking opportunities to import high-quality goods from the country, including agricultural products and industrial materials.

At the dialogue, enterprises from both sides discussed trade and investment policies with Vietnamese senior officials, particularly investment incentives to form business links and stimulate collaboration.

They also exchanged information on their markets and sought cooperation opportunities.-VNA