Encouraging OVs businesses to invest back at home

Minister of Planning and Investment Bui Quang Vinh made the affirmation during an April 8 meeting with representatives of Overseas Vietnamese (OV) entrepreneurs in Berlin, Germany.

He suggested they should grasp opportunities to strengthen coordination with their compatriots at home to boost exports to the market and cooperate with German partners or invest in fields that are beneficial to Vietnam.

Vinh said Vietnam continues to stabilise the macro-economy, control inflation, improve the quality of competitiveness, and accelerate economic restructuring in line with renovating the growth model to avoid the middle-income nation trap.

Vietnam’s investment environment is more favourable as the Government now allows the private sector to invest in infrastructure, he noted.

Vinh answered businesses’ questions related to public investment, investment in agriculture, agricultural products processing, environment protection, and opportunities for private businesses to exploit natural resources, safe development of nuclear power and intellectual property rights transfer.

He provided useful information about opportunities in accessing information and successful implementation of investment projects in Vietnam.

Currently, more than 8,000 small-and medium-sized enterprises of Vietnamese expatriates have registered to operate in Germany in trade, services, restaurants, tourism, insurance, import-export and food processing.

In addition, commercial centres owned by OVs in Berlin, Leipzig and Magdeburg are operating effectively, generating steady jobs for many OVs in the country.

The OVs business community has closely coordinated with those in Europe to carry out many practical programs towards the homeland.