Vietnam welcomes Canadian businesses hinh anh 1Deputy Prime Minister Vuong Dinh Hue (R) and President and CEO of Northstar Financial Group Scott Shepherd (Photo: VNA)

Hanoi (VNA) — The Vietnamese Government always tries to create the most possible favourable conditions for foreign businesses and investors to operate in Vietnam, including those from Canada, affirmed Deputy Prime Minister Vuong Dinh Hue on June 15.

Receiving a group of Canadian businesses who are on a visit to Vietnam to seek investment opportunities, Hue said the Vietnamese Government has taken measures to increase macro-economic stability and restructure key sectors such as finance and banking, State-owned businesses, industrial production, agriculture and public investment, along with drastic efforts to improve the business and investment environment to improve national competitiveness.

He encouraged Canadian businesses to invest in the fields of consultancy, finance and credit to support small- and medium-sized businesses, and called for foreign private risk investment funds to assist start-up activities in Vietnam.

President and CEO of Northstar Financial Group Scott Shepherd said Northstar was active in providing finance for small- and medium-sized businesses and wished to cooperate and share experience with Vietnam as the two countries are implementing new free trade agreements.

He expressed willingness to help Vietnam in importing spare parts and machine products from developed countries.

The group plans to set up an export credit agency to support Vietnamese businesses in their export activities, he said.-VNA