Prime Minister Pham Minh Chinh has affirmed that Vietnam creates the most favorable conditions for investors in a spirit of their success being success for Vietnam, while addressing the ASEAN Business and Investment Summit in Jakarta, Indonesia, on September 4.

He emphasized Vietnam’s motto of “harmonizing interests and sharing risks” with investors.

The Prime Minister called on businesses to promote solidarity, to contribute to building a self-resilient and developed ASEAN, improving people’s living conditions, and offering practical benefits to individuals, the ASEAN community, and businesses themselves.

Addressing the Summit, with the theme “ASEAN Centrality: Innovating Towards Greater Inclusivity”, he said that as a reliable partner and active, responsible member, Vietnam will continue to closely coordinate with Indonesia and other ASEAN countries in an effort to build a united, self-resilient, and developed ASEAN, helping to maintain an environment of peace, stability, cooperation, and development in the region and the world.

He said he hopes that ASEAN in general and the business community in particular will keep pace with new trends, effectively address challenges, and ensure a balance between short-term recovery and growth and also long-term sustainable development.

To help ASEAN promote its role and position and utilize opportunities, Prime Minister Chinh suggested it maintain long-term commitments to market opening and trade and investment promotion.

He proposed that the bloc promote FTAs and regional and global economic connectivity, and step up regional integration to better harness each other’s strengths in seizing opportunities in the new global economy, especially emerging growth drivers such as digital transformation, green transition, the circular economy, and the sharing economy.

The Prime Minister also said that governments and enterprises need to cooperate more closely, effectively, and practically in order to uphold the role of business in boosting growth and creating new breakthroughs for ASEAN.

Governments and businesses need to work together in strategic infrastructure development and high-quality personnel development, considering these to be key in raising regional productivity and competitiveness, he said.