Vietnamese government pledges continued support for FDI businesses

Deputy Prime Minister Trinh Dinh Dung has underscored the important role of the Foreign Direct Investment (FDI) sector as a growth momentum and contributor of 20% of Vietnam's GDP in 2019.

Addressing the Vietnam Business Forum (VBF) in Hanoi on Friday, Deputy Prime Minister Dung said the Vietnamese government has stood side by side with business community for future development.

He pointed out things to be done: First, priority will be given to developing a uniform infrastructure system, supporting the business community toward an economy of circulation, innovation, and reform. Second, many programs will be implemented to encourage and facilitate the development of agricultural, industrial, and service businesses. Third, we will develop and effectively use e-government, continue to improve the investment and business environment to ensure transparency, stability, and sustainable development of businesses. Fourth, bottlenecks will be unblocked to liberate natural resources, increase capital for sustainable production and business. Fifth, innovative eco-system will be developed, putting businesses at the center and making them growth momentum.

Deputy Prime Minister Trinh Dinh Dung expressed his hope that FDI firms will lead connectivity, technological support, and technological transfer for domestic enterprises. The business community is an important momentum to realize Vietnamese nation's aspiration for prosperity, in which the government will play a facilitating role. We always consider foreign investors an inseparable part of the Vietnamese economy and citizens whom we are responsible for supporting," said Mr. Dung.

The Vietnam Business Forum on theme of "Roles and responsibilities of FDI community in rapid and sustainable development", was jointly held by the Ministry of Planning and Investment, the World Bank, and the International Finance Corporation.

The annual policy dialogue forum that takes place between the government and the local business community with the aim of building a favorable business environment and boosting sustainable economic development nationwide.

Source: VOV5