Teleconference gears investors to success in Vietnam
Hanoi (VNA) – A teleconference, themed “Vietnam
– Rising Star”, was held in Hanoi on September 7 with an aim to improving the
efficiency of doing business in Vietnam.
Co-organised by the Ministry of Planning and Investment, the
State Bank of Vietnam and Standard Chartered Bank, the event was also expected
to share new investment trends, measures to improve business environment in the
country.
Speaking at the event, Minister of Planning and Investment
Nguyen Chi Dung said with existing competitive edges, reform in investment
environment, active and effective COVID-19 prevention and control, Vietnam has
become an attractive and safe destination for foreign investors.
He wished that Standard Chartered would enhance linkage with
investors, draw more multinational groups to Vietnam, as well as build
innovation and international finance centres in the country.
Governor of the State Bank Le Minh Hung said since the
beginning of this year, the bank has cut operating rates twice to fuel credit
growth, reduced deposit and lending rates in priority areas to make it easier
for borrowers to access lower-cost capital.
CEO of Standard Chartered Vietnam and five ASEAN and South
Asia Cluster Markets Nirukt Sapru said many multinational groups set up
business operations in Vietnam to tap close proximity and connectivity with the
bloc.
With a young, dynamic and technologically-literate
population together with a growing middle class and an open economy, Vietnam
continues to offer attractive business opportunities, he said.
In order to welcome a shift of investment in win-win
principle, Minister Dung said Vietnam is hastening preparations for land base
and key production infrastructures, workforce training and develop support
industry by building special incentives for major and quality projects.
The Prime Minister also established a working group in
charge of promoting foreign investment, improving business environment and
national competitiveness, with priority given to projects using advanced and
eco-friendly technology, offering high added values and modern governance.
Amid the complicated developments of COVID-19, the State
Bank of Vietnam will continue forecasting and updating scenarios to support
growth while ensuring macro-economic stability and creating a healthy and
transparent business environment for investors, he said.
Following the event, the MPI will continue partnering with
the Standard Chartered to update enterprises on Vietnam’s legal regulations and
investment procedures./.