Vietnam to stay focused on Renewal: PM

Thursday, 2016-11-03 11:44:14
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PM Nguyen Xuan Phuc and the delegates (Credit: VNA)
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NDO/VNA—Vietnam was determined to renew itself and build an incorruptible and constructive Government to serve the people and businesses, Prime Minister Nguyen Xuan Phuc said on November 2.

He was speaking in Ho Chi Minh City on the sidelines of the 2016 Vietnam Summit, which is set to open on November 3.

The PM also told representatives of global financial institutes and businesses both inside and outside the country that he hoped the summit would help them to learn more about Vietnam’s policies and strategies for development and integration.

He hoped that the summit would help businesses find more investment and cooperation opportunities in the country.

He said that Vietnam had recorded many great achievements in 30 years of Renewal. The country’s GDP topped US$200 million in 2015, and its per capita income was around US$2,100.

The country had actively speeded up its international integration process and contributed to the building of the ASEAN Community and signed onto fourteen free trade agreements, PM Phuc said.

To keep up with global economic development trends, Vietnam was restructuring its economy, implementing “breakthrough steps” to renew its growth model, actively integrating and taking part in the global production value chain, and increasing its capacity to raise economic development to new heights, the PM said.

The Government was paying due attention to creating a legal framework in line with market mechanisms and international practices, he added.

Furthermore, he said, Vietnam was actively working to improve its business and investment environment by building infrastructure, development human resources and boosting fair competition to create ideal conditions in which for enterprises to invest and do business.

The Vietnam Summit 2016 will discuss various issues, including the nation’s position in the global economy, future of the manufacturing sector, rice production, industrial production and the investment environment.

The summit seeks to show international businesses that Vietnam is determined to comprehensively reform its economy over the next five years.