Prime Minister makes 3 major commitments to foreign investors

Listening to the sharing and specific recommendations of representatives of associations and foreign direct investment (FDI) enterprises at the dialogue on the morning of October 16, Prime Minister Pham Minh Chinh thanked investors for coming to Vietnam and overcoming difficulties and challenges, taking advantage of opportunities and chances to always accompany Vietnam.

In difficult conditions, the world and regional situation is volatile, unpredictable and difficult to forecast, but foreign investors are still committed to coming to Vietnam and expanding investment in the coming time.

Thủ tướng nêu 3 cam kết lớn với nhà đầu tư nước ngoài - Ảnh 1. — Prime Minister Pham Minh Chinh talks with foreign businesses

In particular, the Prime Minister made three major commitments to investors: First, always protect the legitimate rights and interests of investors in any case.

Second, always accompany businesses to overcome difficulties and challenges, seize opportunities and advantages for foreign investors to ensure long-term benefits and stability in Vietnam on the principle of harmonious benefits and shared risks.

Third, do not criminalize economic and civil relations, but handle those who do wrong and violate the law to protect those who do right, creating an equal, healthy and sustainable production and business environment and ecosystem.

By the end of September 2023, 144 countries and territories had invested in Vietnam with more than 38,300 valid projects, total investment capital of more than 455 billion USD, creating jobs and income for millions of workers.

In response to investors' questions about what Vietnam will continue to do to fulfill its commitments and accompany foreign investors, The Prime Minister emphasized Vietnam's major policies and three pillars, an independent and self-reliant foreign policy; and persistently pursuing the "4 no's" defense policy...

The Prime Minister affirmed: Vietnam continues to create favorable conditions and build a safe, transparent, and highly competitive investment and business environment so that the business community and investors, including foreign investors, can feel secure in making long-term investments in Vietnam.

Regarding specific tasks, the Prime Minister requested ministries, branches and localities to continue reviewing, amending, supplementing and perfecting foreign investment cooperation policies in accordance with practical situations and with high competitiveness.

Thủ tướng nêu 3 cam kết lớn với nhà đầu tư nước ngoài - Ảnh 3. — Foreign investors attend the conference

Continue to focus on improving the business investment environment and creating favorable conditions and reducing costs for businesses; effectively implementing solutions for debt restructuring, debt extension, interest rate exemption and reduction; extension, postponement, exemption and reduction of taxes, fees, charges, land rents, etc.

At the same time, listen to recommendations and proposals from businesses and investors, including foreign investors, with a spirit of openness, sharing, understanding and companionship; on that basis, have effective solutions, especially practical difficulties and problems. Solve the problems where they are, do not say no, do not say difficult, do not say yes but do not do.

Vietnam is a wonderful country of opportunities.

At the conference, Mr. Bruno Jaspert, Chairman of the Board of Directors and General Director of DEEPC Industrial Park Complex, expressed:

In the past three months, our industrial park alone has hosted delegates from Côte d’Ivoire, Indonesia and Australia to study the impact of a new approach to eco-industrial parks. This is also proof that strategic choices can make a big difference. And it is also proof that Vietnam is building a model for other countries to follow.

It is recommended that the Government have additional policies to encourage this model, such as applying longer land lease terms for industrial zones that meet the standards. Combine the application of special taxes for zones that cannot or do not want to comply and use this revenue to build a fund for sustainable future development.

Many steps in the right direction have been taken, but the road to carbon neutrality is long. In my opinion, there needs to be a strategy that allows industrial parks and foreign-invested investors to be the engines of change towards this goal.

Let me give you an example: Vietnam is facing a shortage of fill materials. In Europe, it is allowed in the design of roads to become drainage systems instead of design to raise the road level. There is no reason why Vietnam cannot do this, even more. But the legal system is not clear so it has not been implemented.

Vietnam is a wonderful country with opportunities. A country that I am very happy to call my country."

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