PM meets foreign investors in Hanoi

Vietnam has long considered FDI to be an important component of its economy and offers favorable conditions for long-term development and cooperation and competitiveness with other economic sectors, Prime Minister Pham Minh Chinh has said.

He made the statement at a meeting with foreign-invested enterprises (FIEs) in Hanoi on April 22.

The Vietnamese Government is always ready to listen to, share, trust, and accompany foreign investors and will continue to review mechanisms and laws and conduct reforms of the business and investment environment more strongly, he said.

The State respects and protects the legitimate and legal rights and interests of investors and ensures harmonized interests between the State, investors, and workers, the Prime Minister told the meeting.

He spoke highly of the determination and operational efficiency of FIEs and foreign investors in Vietnam.

In addition to positive gains, the Prime Minister also pointed out a number of weaknesses the FDI sector should address to meet development requirements and the expectations of both sides.

He asked delegates to clearly identify bottlenecks, difficulties, and obstacles as well as opportunities, advantages, and solutions in an effort to improve the efficiency of foreign investment in Vietnam amid global uncertainties.

According to the government leader, relevant Vietnamese agencies have recently conducted surveys and examined business proposals to implement specific measures related to the reduction, extension, and exemption of taxes, fees, charges, and land rentals for businesses.

The government is directing the State Bank of Vietnam (SBV) to adopt monetary policies in the next few days on debt freezing, reductions, rescheduling, and extensions, to iron out business snags.

Prime Minister Chinh asked relevant ministries, agencies, and localities to respond to investor recommendations and introduce specific solutions, adding that issues that cannot be resolved immediately must be carefully examined, proactively resolved, or reported to relevant authorities for timely, flexible, and effective handling.

He revealed that after the conference the government would issue a document detailing the implementation of solutions.