Vietnam pledges favourable conditions for foreign investors

09:32 | 02/06/2016 Economy

Vietnam would continue to facilitate foreign businesses and investors to operate in the country whilst upholding its consistent policy of improving the business environment, a Vietnam official has said.

Vietnam pledges favourable conditions for foreign investors

Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong (first left) joins heads of the delegations at the ASEAN Conference 2016 on business and investment opportunities in ASEAN, held in Singapore on May 31

Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong was speaking at the opening of the ASEAN Conference 2016 taking place in Singapore on May 31 under the theme of ‘New Mindsets, Right Strategies, Effective Collaborations’.

Held by the Singapore Business Federation (SBF), the conference attracted the participation of over 600 delegates representing government agencies, embassies and the business community from ASEAN member countries and ASEAN partners including China, Japan, the EU, and the US.

The event focused on introducing business co-operation and investment opportunities in Vietnam, Indonesia, and Myanmar for Singapore’s business community and enterprises from countries attending the conference, while exchanging experience in business and trading in the three countries and other ASEAN members. The three nations are currently the most attractive investment destinations in ASEAN for Singapore businesses.

Speaking at the conference, Deputy Minister Vuong updated the group on Vietnam’s economic development situation and investment opportunities in the country, especially as Vietnam is participating in the ASEAN Economic Community and is preparing to execute a series of new-generation FTAs.

He informed delegates of new policies from the Government of Vietnam in supporting businesses, creating a favourable environment for their operations and improving national competitiveness.

Vuong also announced incentives to encourage investments in Vietnam, urging businesses to seize opportunities and advantages to develop business strategies and make wise investment decisions in Vietnam.

At the meeting, heads of the delegations of participating countries presented information on the business environment and mechanisms of their respective governments for foreign investors.

They discussed business and investment activities in ASEAN countries, the development of new technologies, digitisation, automation, new business methods, and business co-operation between the US, the EU, Japan, and China’s enterprises with ASEAN./.


Source: NDO