Vietnam to create best possible conditions for investors from the Netherlands

08:54 | 12/07/2017 MUTRAP Corner

In The Hague on July 10, at a meeting with Dutch enterprises and investors, which are seeking investment opportunities in Vietnam, Prime Minister Nguyen Xuan Phuc stated that the Vietnamese Government will create the best possible conditions for investors from the Netherlands to conduct business in Vietnam.

vietnam to create best possible conditions for investors from the netherlands
PM Nguyen Xuan Phuc (center) meets with leading Dutch investors - Photo: VGP

The meeting was part of activities in his official visit to the Netherlands, at which he worked with Dutch leading enterprises in fields of finance, energy and indirect investment.

At the meeting, the Vietnamese government leader briefed the participants on key development indexes and the main characteristics of the national economy – which has a total export value of US$400 billion and a GDP worth approximately US$160 billion. He said Vietnam is now an investment destination of the world's leading brands, including those from the Netherlands such as Philips, Damen, Heineken, and Unilever.

PM Phuc affirmed that Vietnam will facilitate the development of private investment funds, adding that the Netherlands is a strategic partner of Vietnam in dealing with climate change. The Vietnamese Government also pays great attention to protecting the legitimate rights and interests of foreign investors in the country, he noted.

According to the PM, thanks to efforts in improving its legal system for foreign investment, Vietnam attracted 23,600 foreign direct investment (FDI) projects worth over US$320 billion.

Vietnam signed 12 free trade agreements (FTA) with member countries of the G20, and is going to sign a FTA with the European Union, he said.

At the meeting, the Vietnamese PM and ministers directly exchanged opinions with Dutch investors about matters of concerned relating to policies on how to develop small- and medium-sized enterprises, renewable energy, and directions to promote science-technology development, in response to the 4th Industrial Revolution.

Meeting with Damen Group, Prime Minister Phuc underlined that Vietnam is prioritising shipbuilding industry to develop the economy and enhance defence capacity. The Vietnamese Government leader lauded a contract to build six new multi-functional ships inked between the group and Vietnamese partner at the freshly-concluded Vietnam-Netherlands Business Forum. He also asked Damen to continue its cooperation and technology transfer for Vietnamese enterprises so that they can manufacture special-purpose ships for socio-economic and defence development.

vietnam to create best possible conditions for investors from the netherlands
PM Nguyen Xuan Phuc met with leaders from Dutch Damen Group and Puma Energy after attending the Vietnam-Netherlands Business Forum on July 10 - Photo: VNA

Talking to Puma Energy executives, PM Phuc spoke highly of Puma Energy’s investment activities in Vietnam in the past 20 years. The group’s bitumen production and business in Vietnam have made significant contribution to developing traffic infrastructure and help Vietnamese engineers access modern and environmentally friendly technology, the Vietnamese leader said.

Meanwhile, investors from the Netherlands stressed that Vietnam boasts great potential for development and the Vietnamese Government’s policies and priorities, related to sustainable development, are key factors in helping to promote the country’s growth.

They fielded questions regarding Vietnam’s policies and directions for developing key fields of its economy such as energy, finance, small and medium-sized enterprises, and investment funds.

They also shared their intention to invest or expand operations in Vietnam, hoping to receive support from the PM, Government and relevant agencies.

The investors from the Netherlands praised Vietnam for its business investment environment with a stable political and social environment. In Vietnam there are investors who invested up to billions of dollars, which proved that they foresee a potential business environment and committed to long-term business activities in Vietnam.

Hoang Yen