What Vietnam commits to protect foreign investors at Conference on Asia future?

June 11, 2018 | 20:59

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Vietnam commits to maintaining stability of politics-security, stability of foreign investment policy, and stability of reform guidelines in order to protect interests of foreign investors.

what vietnam commits to protect foreign investors at conference on asia future

Permanent Deputy PM Truong Hoa Binh (R) at the Conference on the Future of Asia, Tokyo, Japan, June 11, 2018. Photo: VGP

Permanent Deputy PM Truong Hoa Binh made the statement while addressing the Conference on the Future of Asia in Japan on Monday.

The Government of Vietnam will continue improving legal system and investment-related policies in a consistent, transparent, open, and predictive manner, Deputy PM Binh said.

The Government will also double efforts in improving law enforcement capacity and enhance real dialogues with investors to remove obstacles against them, he added.

He highlighted significant progresses Vietnam has made over the past three decades thanks to the introduction of reform process, open-door policy, and foreign policy of openness and diversification and multi-lateralization of international relations.

The country’s economy expanded 6.6% on average over the reviewed period and the GDP increased to US$220 billion last year and is expected to reach US$ 300 billion by 2020.

Trade value between Vietnam and the rest of the world stood at US$425 billion while foreign reserves rose to US$60 billion. Investors from 127 countries have pledged to pour US$325 billion in Vietnam so far.

Last year, Vietnam’s business environment index jumped 14 places to 68th out of 190 economies, according to the World Bank. The competitiveness index ranked 55th out of 137 economies as reported by the World Economic Forum.

The country’s economic outlook moved from “stable” to “positive”, according to ratings organizations, including Moody’s and Fitch, said Deputy PM Binh.

VGP

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