Prime Minister's conference with foreign-invested enterprises

On September 17, at the Government Headquarters, Mr. Pham Minh Chinh, Politburo member, Prime Minister chaired the Prime Minister's conference with foreign-invested enterprises. The conference, themed "Overcoming challenges, seizing opportunities, cooperating for development", was held online to the bridge points of provinces and cities nationwide and 80 points of foreign enterprises domestically and internationally.

At the Hung Yen bridge point, the conference drew the attendance of Mr. Dang Ngoc Quynh, Member of the Provincial Standing Committee, Standing Vice Chairman of the Provincial People's Committee; representatives and leaders of a number of provincial departments and branches, enterprises located in the province.

Delegates attend the conference at the Hung Yen bridge point

Speaking at the opening of the conference, Prime Minister Pham Minh Chinh stated that Vietnam considers the foreign-invested economic sector as an important component of the Vietnamese economy, that is facilitated and created favorable condition for long-term development, cooperation and fair competition with other economic sectors. The State respects and protects the legitimate rights and interests of investors; ensures the harmonization of interests among the State, investors and employees. Over the past time, the foreign-invested economic sector has developed rapidly and effectively, become an important part of the economy, contributed to job creation and income for workers; raised the production level and capacity; stabilized the macroeconomic situation; promoted economic restructuring.

Prime Minister Pham Minh Chinh expressed his respect and thanks for the companionship and contributions of foreign investors in the process of building and developing the country, shared with investors facing difficulties caused by domestic and foreign situation. At the same time, the Vietnamese Government always cares, sincerely listens, shares and makes efforts to solve difficulties and problems, creates all advantages for foreign businesses. The Prime Minister asked the delegates to attend the conference to speak in the spirit of frankness, sincerity and openness, so that the conference could attain a lot of achievements.

At the conference, the delegates heard leaders of the Ministry of Planning and Investment present a report on domestic and international context: Opportunities and challenges - Solutions to seize investment cooperation opportunities in the new situation"; listening to representatives of foreign business associations in Vietnam to assess the trend of investment capital flows in the world and the business investment environment in Vietnam; speaking from businesses on identifying challenges, taking advantage of opportunities to invest and expand investment in a number of fields in Vietnam, the delegates also discussed the implementation of policies and preparation of conditions to welcome foreign investment inflows into Vietnamā€¦

Speaking at the conclusion of the conference, Prime Minister Pham Minh Chinh acknowledged, praised and thanked the cooperation, companionship, contribution, sharing and efforts of foreign investors in the Covid-19 epidemic prevention and control, maintaining and promoting production, business, and export, contributing to the Government's stabilization of the macro-economy, controlling inflation, promoting growth, and ensuring the major balances of the economy. The Prime Minister affirmed that Vietnam creates all conditions for a favorable, safe and transparent environment for foreign investors to feel secure to make long-term investments in Vietnam. The Prime Minister emphasized that Vietnam has great potential to develop wind power and solar power, expected foreign investor, organizations, international partners to enhance cooperation and support Vietnam to exchange clean energy to ensures fairness and justice, especially with financial incentives with appropriate interest rates for projects in this field. The Prime Minister requested the ministries, branches and localities to strictly grasp and effectively implement the guidelines of the Party, the policies and laws of the State, and the direction and administration of the Government and the Prime Minister; focus on creating a favorable, healthy and fair investment and business environment. The attraction of foreign investment must be balanced, reasonable and flexible based on the characteristics of localities and regions, ensuring the compliance with development orientations, planning and requirements. Ministries, branches and localities continue to comprehensively review difficulties and obstacles of foreign-invested enterprises; make timely and effective plans, definitively solve difficulties and obstacles, overcome limitations and inadequacies in building, perfecting and organizing the implementation of institutions and policies on foreign investment cooperation. Along with that, focus on improving the business investment environment better; further promote administrative procedure reform, create favorable conditions for investment attraction and production and business. To review, evaluate and proactively prepare necessary conditions to welcome investment projects.

The Prime Minister asked investors and businesses to step up the construction and application of new management models, conduct model innovation towards green business, green technology and sustainable development. To enhance digital transformation and application of science and technology to improve productivity, quality, efficiency and competitiveness of enterprises; form research and development centers; invest in new fields and trades with high added value; modern technology, scienceā€¦