Vietnam will surmount difficulties in Q4: Cabinet press conference

Deputy Minister of Industry and Trade Do Thang Hai (Photo: chinhphu.vn)

Hanoi – Vietnam will overcome difficulties in the last three months of this year, creating a premise for 2021, Deputy Minister of Industry and Trade Do Thang Hai has believed.

Speaking at a Cabinet regular press conference on October 2, Hai said under the government’s instruction, ministries and agencies have supported firms in optimising foreign investment opportunities and free trade agreements, seeking solutions to develop markets, and removing barriers to enter new markets.

The Ministry of Industry and Trade (MoIT) has stepped up the information work and oriented export services, while intensifying trade promotion through online forums and transactions amidst COVID-19, he continued.

Deputy Minister of Planning and Investment Tran Quoc Phuong said enterprises have received assistance in credit loans and fiscal policies, along with the direct support from the budget.

Regarding foreign investment attraction, Phuong said Vietnam has been regarded by international investors as an attractive destination with advantages of political stability, macro economy, geographical location, land and human resources.

Since the beginning of this year, the Ministry of Planning and Investment has organised online trade promotion activities with Asian partners like Japan and Singapore, as well as those from Europe, the official said, noting that investors have shown their interest in Vietnam.

Phuong expressed his hope that following the resumption of certain international flights, Vietnam will welcome more many foreign investors at the end of this year, and in 2021.

Relating to the resumption of international flights, Deputy Minister of Transport Nguyen Ngoc Dong said priority will be given to countries and territories where the pandemic is well contained like Japan, the Republic of Korea, Taiwan (China), Laos and Cambodia.