PM: Vietnam commits to accompanying foreign investors

Prime Minister Pham Minh Chinh confirmed three commitments from Vietnam to foreign investors while addressing a conference with FDI enterprises in Hanoi on the morning of October 16, with the theme “Companionship and Development”, the Government News has reported.

Firstly, Vietnam commits to protecting the legitimate rights and interests of investors in any circumstances, he said.

Secondly, Vietnam accompanies enterprises in overcoming difficulties and challenges as well as tapping opportunities and advantages to help foreign investors carry out stable long-term operations in the country, on the principle of harmonizing benefits and sharing risks.

And thirdly, Vietnam commits to not criminalizing economic and civil relations but strictly handling violations and wrongdoings to protect those who do the right thing, helping to create an open, transparent, equal, healthy, and sustainable business and production ecosystem.

The meeting was held with six months of the last gathering between the Prime Minister and FDI enterprises, which demonstrates the government’s commitment to accompanying the business community.

Vietnam has become the third-largest economy within ASEAN, with a GDP of over $400 billion, and has been assessed by international organizations as one of the most successful in FDI attraction.

Prime Minister Chinh also confirmed that Vietnam will continue to create favorable conditions and build a safe and transparent business and investment environment of high competitiveness for foreign investors to effectively and sustainably operate in Vietnam for the long term.

Vietnam attracted 2,254 new FDI projects with total registered investment capital of over $10.23 billion in the first nine months of this year, increases of 66.3 per cent and 43.6 per cent year-on-year, respectively, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.