Government makes hefty commitments at VBF 2017

11:00 | 12/12/2017
The Vietnamese government committed to upgrading the infrastructure, maintain a stable political environment as well as reform administrative procedures with the aim to support the development of the business community.
Prime Minister Nguyen Xuan Phuc talking at VBF 2017

Speaking at Vietnam Business Forum 2017 (VBF 2017) organised this morning at Lotte Hotel Hanoi, Prime Minister Nguyen Xuan Phuc one again emphasised that the Vietnamese government will realise its three commitments to create a comfortable investment environment for both foreign and domestic enterprises.

Notably, the government will prioritise infrastructure development, creating better connections to reduce transport and logistics expenses.

Furthermore, the government confirmed maintaining a stable political environment, which has long been considered one of Vietnam’s advantages in attracting foreign investment. Besides, the government will conduct a comprehensive economic as well as financial-banking reform, in an attempt to resolve bad debts and control budget deficit and public debt.

In parallel, reforming administrative procedures and the legal system to increase transparency, safety, and effectiveness remains the focus of work.

“The Vietnamese government welcomes foreign investment, but resolutely refuses obscure projects. Violations will be handled according to regulations,” Phuc stated.

The PM also assigned the Ministry of Planning and Investment and other ministers and relevant authorities to listen to the proposals and opinions from both foreign and domestic enterprises raised at VBF 2017 and then find way to resolve issues and confirm VBF’s importance as an effective channel of policy dialogue between the business community and the government.

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By By Kim Oanh

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