Deputy PM Hai: Vietnam pledges favourable conditions for foreign investment

Thursday, 2013-10-17 18:58:27
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Deputy PM Hoang Trung Hai speaking at the event (Credit: VGP)
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Nhan Dan Online – Deputy Prime Minister Hoang Trung Hai has affirmed that the Vietnam Government is striving to perfect the legal framework in the field of investment to create the most favourable environment for foreign businesses.

The Deputy PM was speaking at the annual VinaCaptial Investor Conference held in Ho Chi Minh City on October 17 by VinaCapital – the leading asset management, investment banking and real estate consulting firm in Vietnam.

Hai praised active investment promotion activities of enterprises in Vietnam, saying that it is a good opportunity for businesses to discuss and exchange insights into the prospects for future development and look for effective investment models in Vietnam market.

Despite being severely affected by the global economic downturn in recent times, Vietnam’s economy has maintained its growth targets on stabilising macroeconomic, curbing inflation, promoting business manufacturing, and improving State management and efficiency, which is an important basis to offer better investment opportunity for both local and foreign businesses in the future.

Vietnam is appealing for investment in the energy sector, infrastructure development and the hi-tech fields of manufacturing and processing in underprivileged localities, said Hai, adding that the move aims to attract social resources to ease the burden for public investment.

Along with that, preferential tax policies and administrative procedures relating to foreign investment are also being improved in order to create transparency to attract investors.

The two day event drew the participation of nearly 90 foreign business enterprises seeking investment opportunities in Vietnam to assess the economic situation and find out about new investment opportunities in Vietnam.