Vietnam always welcomes and will create the most favorable conditions for Malaysian investors and those from other ASEAN member states to do business in the country, Prime Minister Nguyen Tan Dung affirmed at the dialogue with members of the ASEANBusiness Club (ABC) and Malaysian enterprises in Kuala Lumpur on August 8.
Addressing the event, PM Dung briefed participants on Vietnam’s economic situation, saying that the country is entering into a new development period with a stable macro-economy, strong growth andcurbed inflation.
Vietnam’s GDP rose nearly 6% in 2014 and around 6.3% in the first two quarters of this year. The figure is forecast to reach 6.5% in 2015, he said.
The PM stressed that Vietnam is focusing on improvinginvestment andbusiness climatethroughout promoting the economic restructuring in connection with renovating the growth model, in order to increase the competitiveness of the whole economy, enterprises and products.
At the event, PM Dung also introduced issues related to Vietnam’s policies andinvestmentopportunities in the country withASEAN businesses in general and Malaysian firms in particular.
According to PM Dung, Vietnam’s participation in the ASEAN Community formed at the end of this year and the signing and realisation of new generation free trade agreements (FTA) with high standards between Vietnam with the European Union and the Trans-Pacific Partnership agreement expected in 2015 will help make Vietnam’sbusiness climatesuitable to market principles and international standards in the future.
Important legal documents of Vietnam such as the revised Investment Law and Enterprise Law among others will contribute to creating favorable conditions fordomesticand foreign investors’ operation, he added.
The PM also highlighted fruitful results in bilateral cooperation between Vietnam and Malaysia over the last four decades, saying that Malaysia is one of Vietnam’s leading important partners in the fields ofinvestment, trade and tourism.
The Vietnamese leader added that the signing of a Joint Statement on establishing the Strategic Partnership between Vietnam and Malaysia during his talk with Malaysian Prime Minister Najib Tun Rajak will create favorable chances for closer cooperation between the two countries’ businesses.
Source: HanoiTimes
Key words: Vietnamese Government, create, most favorable conditions, Malaysian investors
