HCMC – Vietnam is intensifying its efforts to attract foreign investment by offering incentives and pledging a more conducive business environment.
At a recent financial investment conference in Singapore, Vietnamese Finance Minister Ho Duc Phoc underlined Vietnam’s commitment to safeguarding the legitimate rights and interests of foreign investors.
“The Vietnamese Government always sees the foreign-invested sector as an important part of the economy,” the Vietnam News Agency quoted Phoc as saying.
Vietnam has a strategic geographic location, a young and skilled workforce, and a growing list of free trade agreements.
The Government is robustly investing in infrastructure development, including ports, airports, and expressways, to improve connectivity and reduce logistics costs.
To align with global standards, Vietnam has joined the global minimum tax initiative and is streamlining regulations to facilitate business operations.
“We are committed to providing a level playing field for all investors, both domestic and foreign,” said Vu Thi Chan Phuong, chairwoman of the State Securities Commission.
Foreign investors have shown keen interest in Vietnam’s expanding consumer market, manufacturing sector, and renewable energy industry. Still, businesses said there is still room for improvement in terms of transparency and predictability.
