Vietnam creates optimal conditions for large, high-tech, and experienced enterprises, including those from Turkey, to operate in the country, Prime Minister Pham Minh Chinh told the Vietnam-Turkey Business Forum held in Ankara on November 30.

Organized to mark the Prime Minister’s official visit to Turkey, the Forum brought together representatives from ministries, agencies, and localities, and nearly 200 corporate leaders from the two countries.

He emphasized that Vietnam boasts favorable factors to help foreign investors operate stably and effectively in the country, including open policies, smooth infrastructure, and smart administration.

The country is focusing on three strategic breakthroughs, covering institution building and perfection; infrastructure; and human resources development and administrative reform, he said.

He noted that ample space remains to boost cooperation between the two countries, and Vietnam wishes to cooperate in digital economy, green transition, the circular economy, the knowledge-based economy, and the sharing economy, with science, technology and innovation as new growth drivers.

Representatives from Turkish ministries and businesses said that the country wants to cooperate with Vietnam in transport infrastructure, household utensil production, science and technology, finance, aviation, logistics, renewable energy, pharmaceuticals, agriculture, and the Halal industry.

The Turkish side hopes to penetrate more deeply into the potential Vietnamese market and enter the ASEAN market through the country.

Two-way trade stood at $2.4 billion in 2022. Turkey is now Vietnam’s largest direct investor in the Middle East, with total registered capital of nearly $1 billion.