Vietnam facilitates investment activities of foreign companies: PM | Company

Prime Minister Pham Minh Chinh chairs the meeting (Photo: VNA)

Hanoi (VNA) – Prime Minister Pham Minh Chinh chaired a hybrid meeting Meet with foreign-funded companies and business associations on September 17, during which he pledged to create favorable conditions for FDI companies to successfully and sustainably invest in Vietnam.

In his address, Premier Chinh said he had held many meetings with foreign companies and professional associations both at home and abroad over the past two years.

The Prime Minister said that apart from difficulties and challenges, Vietnam has many opportunities to further boost its development, stressing that Vietnam continues to build and perfect a socialist-oriented market economy, a socialist state of law. and a socialist democracy.

Vietnam facilitates investment activities of foreign companies (PM hinh anh 2)Prime Minister Pham Minh Chinh (R) shakes hands with a delegate during the meeting (Photo: VNA)

In the context of an unpredictable and complicated world situation, Vietnam gives priority to the stabilization of the macro-economy, the control of inflation and the guarantee of the major balances of the national economy; manage monetary and budgetary policies in a harmonious, reasonable, efficient and supportive manner; and effectively implement the socio-economic recovery and development program to create a favorable, safe and transparent business and investment environment, he said.

Vietnam will create a safe and transparent environment and favorable conditions for foreign investors make long-term investments in the country in the spirit of equality; development and mutual benefits; responsibility towards society, employees and the environment,” Premier Chinh said.

Vietnam is committed to creating the best business environment in accordance with the OECD Guidelines for Multinational Enterprises (OECD Guidelines), with emphasis on maintaining socio-political and macroeconomic stability; remove bottlenecks in the economy in terms of legal institution, infrastructure and human resources; expand supply chains and reduce transaction costs; building stable and highly predictable policies, among others, he continued.

For foreign investment, Vietnam favors the attraction of projects in the fields of high technology, innovation, research and development; facilitate the participation of Vietnamese companies in the value chain; promote digital, green and circular economies towards sustainable development, he noted.

He expects foreign-funded enterprises to continue to strengthen ties and create favorable conditions for Vietnamese counterparts to join production and supply chains, helping to make Vietnam a center of supply chains. regional and global value as soon as possible.

The Prime Minister instructed ministries, sectors and localities to effectively implement Party guidelines, state policies and laws, and government and Prime Minister’s guidelines on national governance in a modern manner. , efficient and competitive; and improve institutions and policies for foreign investment cooperation.

Ministries and sectors were asked to have plans and solutions to thoroughly address the difficulties faced by foreign-invested enterprises; and focus on improving the business investment environment and simplifying administrative procedures to facilitate foreign business activity in Vietnam.

The Prime Minister said that priority should be given to promoting supporting industries to create a breakthrough in the formation of new productive capacities associated with science and technology application, innovation and digital transformation; and the development of large-scale logistics centers.

He took the opportunity to thank FDI companies for their support and contributions to Vietnam’s COVID-19 prevention and control efforts, as well as socio-economic development and the resumption of production and affairs of the country./.

Comments are closed.