Standing Deputy PM, former British PM co-chair seminar on attracting FDI to Vietnam

Standing Deputy Prime Minister Nguyen Hoa Binh and former British Prime Minister Tony Blair co-chaired a roundtable on foreign direct investment in Vietnam, held on March 17 in London, according to a report from the Government News.

The event, with the participation of top 20 British businesses, was held as part of the Vietnamese Deputy Prime Minister's working visit to the UK.

It is a valuable opportunity for the Vietnamese Government to meet and listen to the opinions of FDI investors and enterprises in terms of potential, advantages, as well as opportunities and challenges for investing in Vietnam.

Speaking at the seminar, the former British Prime Minister expressed his strong impression on Vietnam’s remarkable economic growth despite global challenges and uncertainties, which have helped elevate the country's position in the global economy.

The strategy and goals for economic development set by Vietnam are scientifically grounded, highly practical, and highly feasible, noted Mr. Blair.

Given Vietnam's achievements in recent years and its new open strategy, many opportunities and prospects for cooperation will emerge for investors, especially foreign investors, he asserted, adding that Vietnam becomes increasingly attractive and appealing to foreign investors in the future.

Standing Deputy Prime Minister Nguyen Hoa Binh, for his part, said, as an active member of ASEAN, Vietnam is contributing to regional stability and effectively leveraging the advantages of new-generation free trade agreements.

Moreover, the country remains proactive, flexible, and ready to innovate and improve its institutions and resources to seize opportunities from global capital flows, including those from the UK, the Vietnamese official said.

In the future, Vietnam focuses on attracting projects in such areas as high technology and innovation, financial technology and digital economy, as well as green economy and sustainable development.

The Vietnamese Government is committed to creating the most favorable business environment in line with international standards, constantly improving the legal framework, infrastructure, and workforce quality; and developing seamless supply chains while reducing logistics and transaction costs, and establishing a stable and transparent policy environment, the Standing Deputy Prime Minister noted.

The delegates expressed their desire and readiness to work with Vietnamese partners in green infrastructure. Several international financial institutions, such as Standard Chartered Bank, hailed the Vietnamese Government's commitment to energy transition, climate change mitigation, and pledged to support the promotion of sustainable finance in the country.