PM commits to conducive investment climate
(VOV) - Vietnam will constantly improve its investment environment and create the best possible conditions for foreign investors to do long-term business in the country.
Prime Minister Nguyen Tan Dung made the commitment during frank and open dialogues with representatives from leading Japanese corporations - including Mitsubishi, Honda, Hitachi, Sumitomo, Canon, and Takashimaya - in Tokyo on December 13.
Dung said Vietnam is finalizing its legal framework for trade and investment activities, alongside revising tax and financial preferential policies to attract investment in high technology, support industry, industries of high added value and highly competitive capacity.
The government encourages investment in infrastructure development, especially in the form of public-private partnership (PPP).
He said the government will soon submit the revised draft Housing Law for National Assembly approval. The law is intended to legalise foreign house buyers in Vietnam, stimulate the real estate market, regulate State foreign direct investment management, and accelerate the implementation of BOT projects.
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PM Dung noted Vietnam and Japan have great potential for stronger cooperation in various areas.
He highlighted Vietnam’s consistently warm welcomes for Japanese businesses, saying Vietnam considers the success of its foreign investors the success of the country as a whole, promoting socio-economic development and generating local employment.
Japan is Vietnam’s biggest investor but the US$35 billion total remains a modest proportion of Japanese business capacity, Dung said.
He addressed the Japanese business representatives’ queries on Vietnam’s strategic focuses - consolidating market economic institutions, mobilising resources for infrastructure development, and training human resources to international standards. Transport infrastructure priorities include the Hanoi-Haiphong Highway, Noi Bai T2 Terminal, and Lach Huyen International Port.
The Japanese businesses praised Vietnam’s economic management and policies targeting macroeconomic stability, contained inflation, and economic growth. The country’s annual growth was kept at 5.6% over the past three years.
They discussed plans to expand their Vietnamese investments and urged its Government to boost the support industry and human resource training, facilitate housing purchases for foreigners, protect intellectual property rights, finalise tax policies, and fund transport infrastructure upgrades including roads, airports, seaports, and electricity.
PM Dung is in Tokyo for an official visit to Japan from December 12-15.