Prime Minister Pham Minh Chinh attends the Türkiye-Vietnam Business Forum

Prime Minister Pham Minh Chinh affirmed that Vietnam creates the best conditions for large, high-tech enterprises with management experience, including Turkish enterprises, to invest and do business in Vietnam - Photo: VGP/Nhat Bac

The forum was jointly organized by the Ministry of Planning and Investment , the Vietnamese Embassy in Turkey and the Turkish Foreign Economic Relations Council. The forum was attended by leaders of ministries, sectors, agencies, localities and nearly 200 Vietnamese-Turkish business leaders.

In recent times, trade and investment cooperation between Vietnam and Türkiye has developed well, with many large Turkish enterprises participating in Vietnam's infrastructure projects. Trade between the two countries reached 2.4 billion USD in 2022, with the potential to further increase trade turnover. Turkey is currently the largest direct investor from the Middle East in Vietnam, with a total registered investment capital of nearly 1 billion USD.

At the forum, the Vietnamese and Turkish business communities were introduced to the potential and needs for investment and business cooperation of each side; and shared successful lessons in cooperation and investment.

In particular, leaders of ministries and sectors of Vietnam and Türkiye answered questions of mutual concern to the business communities of the two countries. At the forum, a number of agencies and businesses of the two countries signed cooperation agreements.

Leaders of Turkish ministries and business community said that Turkey has strengths and wishes to cooperate with Vietnam in the following areas: Construction of transport infrastructure, production of household goods, science and technology, finance, aviation, logistics, renewable energy, pharmaceuticals, agriculture , Halal industry... Turkey wishes to penetrate deeply into the potential Vietnamese market and through Vietnam to penetrate deeply into the ASEAN market.

Prime Minister Pham Minh Chinh believes that in the coming time, economic cooperation between Vietnam and Türkiye will be raised to new heights, with increasing efficiency, including the active and proactive contributions of the business communities of the two countries - Photo: VGP/Nhat Bac

Speaking at the forum, Prime Minister Pham Minh Chinh congratulated Turkey on its remarkable development, becoming one of the 20 largest economies in the world. Türkiye has focused on emerging industries, taking advantage of its position as the intersection of three continents (Europe, Asia and Africa) for development.

Among them, Europe has a high level of socio-economic development, Asia is a very dynamic developing region and Africa has great development potential.

Informing the forum about the situation in Vietnam, Prime Minister Pham Chinh said that Vietnam builds the country based on three main pillars: socialist democracy, socialist rule of law state, and socialist-oriented market economy.

Throughout that process, Vietnam takes people as the center, the subject, the goal, the driving force, and the resource for development; maximizes the intelligence, talent, qualities, and ethics of Vietnamese people; does not sacrifice progress, social justice, social security, and the environment in exchange for mere economic growth.

Representatives of Turkish ministries and business community said that Türkiye wants to penetrate deeply into the potential Vietnamese market and through Vietnam to penetrate deeply into the ASEAN market - Photo: VGP/Nhat Bac

Vietnam pursues an independent, self-reliant, diversified, and multilateral foreign policy; is a good friend, a reliable partner, and a responsible member of the international community; builds an independent, self-reliant economy associated with proactive, active, and deep international integration; implements the "4 No's" defense policy; and builds an advanced culture imbued with national identity.

Vietnam is focusing on three strategic breakthroughs, including a breakthrough in institutional construction and improvement; a breakthrough in infrastructure development, including transport infrastructure; a breakthrough in human resource development and administrative procedure reform. Thereby, there will be an open policy system, a smooth infrastructure system, and smart governance.

"These are the fundamental factors for foreign investors to come to Vietnam to do business stably and effectively in Vietnam," the Prime Minister pointed out.

The Prime Minister also said that Vietnam focuses on and wishes to cooperate in the fields of digital economy, green transformation, circular economy, knowledge economy, and sharing economy; taking science, technology, and innovation as new driving forces for development. Vietnam creates the best conditions for large, high-tech, experienced management enterprises, including Turkish enterprises, to invest and do business in Vietnam.

Prime Minister Pham Minh Chinh said that there is still a lot of room for cooperation between Vietnam and Türkiye, but the cooperation mechanism is still limited. Vietnam proposed that Türkiye recognize Vietnam as a full market economy and that the two sides negotiate a free trade agreement... to create more favorable conditions for businesses of the two countries to invest and do business.

Prime Minister and delegates attend the Türkiye-Vietnam Business Forum - Photo: VGP/Nhat Bac

During the Prime Minister's official visit to Türkiye, the two sides expressed their desire to upgrade the relationship to a new level; create more favorable conditions to promote cooperation in all fields of politics, diplomacy, economics, trade, investment, culture, tourism, people-to-people exchange, etc.; create an environment and ecosystem for businesses of the two countries to cooperate and invest more comprehensively and deeply, maximizing the potential differences, outstanding opportunities, and competitive advantages of each country.

The Prime Minister affirmed that Vietnam will continue to improve the investment and business environment so that enterprises, including Turkish enterprises, can invest and do business effectively in Vietnam. Vietnam always accompanies, shares, and removes difficulties and obstacles to help enterprises develop smoothly; protects the legitimate rights and interests of enterprises, in the spirit of "harmonious benefits and shared risks".

Prime Minister Pham Minh Chinh believes that in the coming time, economic cooperation between the two countries will be raised to new heights and become increasingly effective, with active and proactive contributions from the business communities of the two countries.

Source: https://baotainguyenmoitruong.vn/thu-tuong-pham-minh-chinh-du-dien-dan-doanh-nghiep-tho-nhi-ky-viet-nam-366447.html