Proposing OECD to help Vietnam build policies to attract high-quality investment

Accordingly, on the afternoon of October 27, Prime Minister Pham Minh Chinh received Secretary General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann on the occasion of attending the OECD-Southeast Asia Ministerial Forum and activities within the framework of the OECD Co-Chairmanship of the Southeast Asia Programme (SEARP) in 2023, held for the second consecutive time in Hanoi.

Prime Minister proposes OECD to help Vietnam build high-quality investment attraction policies image 1 — Prime Minister Pham Minh Chinh received Secretary General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann.

The Prime Minister was delighted to meet the Secretary General again, thanking the OECD for its support and assistance to Vietnam in assuming the role of Co-Chair of the Southeast Asia Program, especially its contribution to the success of the OECD-Southeast Asia Ministerial Forum and the Vietnam-OECD Investment Forum which took place from October 26-27; hoping that the OECD and the Secretary General personally will continue to pay attention, support, and devote resources to promoting cooperation and support for the region.

Appreciating the good cooperation between Vietnam and OECD, the Prime Minister suggested that both sides promote more substantive and effective cooperation. In particular, he suggested that OECD help Vietnam build a policy to attract high-quality investment to help Vietnam participate more deeply in the global value and supply chain, while ensuring the interests of investors and effectively adapting to the application of new standards, especially global minimum tax.

The Prime Minister also called on OECD to support Vietnam in promoting new growth drivers such as green transformation, digital transformation, carbon market development, green standards, low emissions, innovation, etc. These are areas of cooperation that are consistent with OECD's strengths and that Vietnam currently has a need for and prioritizes promoting.

Prime Minister proposes OECD to help Vietnam build high-quality investment attraction policies image 2 — Prime Minister Pham Minh Chinh called on the OECD to support Vietnam in promoting new growth drivers.

The Secretary-General thanked the Prime Minister for his kind sentiments and highly appreciated Vietnam's key role as Co-Chair of the SEARP Programme, especially the initiative to organize the OECD-Southeast Asia Ministerial Forum. The Secretary-General welcomed the profound and urgent theme of this year's Forum "Sustainable and Quality Investment: New Impetus for the OECD-Southeast Asia Partnership", which reflected the concerns and attracted the participation of many levels of Ministers from many countries.

The Secretary-General was impressed by Vietnam's development achievements, especially in the context of global economic difficulties, declining global investment, and continuous increase in investment in Vietnam. The Secretary-General said that in the context of many changes in the global environment, Vietnam still has much room to attract high-quality investment towards green and sustainable development.

The Secretary-General reaffirmed the strategic importance of the Southeast Asian region in general and Vietnam in particular to the OECD, wished to elevate the Vietnam-OECD relationship and was ready to cooperate with Vietnam in areas of mutual interest.

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