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Vietnams 3 commitments to foreign businesses and investors
Date: 10/17/2023 8:35:45 AM
To make investors feel secure about long-term and sustainable investments in Vietnam, the Government is promoting the implementation of 3 strategic breakthroughs and has 3 commitments to foreign investors.

3 commitments to investors

At the conference meeting the business community with foreign investment in Vietnam (FDI) on October 16 in Hanoi, Prime Minister Pham Minh Chinh thanked investors for overcoming geographical distances. , difficulties, challenges as well as taking advantage of opportunities to come to Vietnam, commit to coming to Vietnam and expanding investment in the future.

In response to investors’ questions about what Vietnam will continue to do to fulfill its commitments and accompany foreign investors, Prime Minister Pham Minh Chinh said that Vietnam’s consistent viewpoint is Taking people as the center, as the subject, as the goal, motivation and resource for development. Do not sacrifice progress, social justice, social security, and the environment to pursue simple economic growth.

Consistently implement a foreign policy of independence, self-reliance, peace, friendship, cooperation and development, diversification, multilateralization, proactive and positive international integration, comprehensive, deep and effective. effective, a friend, a reliable partner, an active and responsible member of the international community.

Persist in the "four no’s" defense policy: do not join military alliances, do not align with one country to fight another country, do not allow foreign countries to set up military bases or use territory to fight other countries, Do not use force or threaten to use force in international relations.

Prime Minister Pham Minh Chinh spoke at a conference to meet FDI enterprises.  (Photo: VGP).

Prime Minister Pham Minh Chinh spoke at a conference to meet FDI enterprises. (Photo: VGP).

Building an independent and self-reliant economy associated with active and proactive international economic integration, deeply, substantially and effectively.

Vietnam is promoting the implementation of three strategic breakthroughs in institutional improvement, human resource development and building a synchronous and modern infrastructure system. Thereby reducing input costs, compliance costs, improving competitiveness of products, goods and services for businesses and investors.

Closely follow and firmly grasp the world and regional situation to respond promptly, proactively and effectively to investors.

Maintaining national defense and security, ensuring political stability, social order and safety so that investors can feel secure in their operations, production and business.

Vietnam will continue to be a model for restoring and healing the wounds of war, promoting the spirit of self-reliance and self-reliance for post-war development, putting aside the past, looking towards the future, for peace and harmony. cooperation and development. At the same time, deploy focused and key tasks such as focusing on infrastructure construction and human resource development.

In particular, the head of the Government emphasized that Vietnam has 3 commitments to investors. First, always protect the legal and legitimate rights and interests of investors in any case.

Second, always accompany businesses to overcome difficulties and challenges, take advantage of opportunities and advantages so that foreign investors can ensure long-term benefits and stable operations in Vietnam on the principle of Harmonized benefits, shared risks.

Third, do not criminalize economic and civil relations, but handle those who do wrong and violate the law to protect those who do right. Create an open, transparent, equitable, healthy and sustainable production and business environment and ecosystem.

Continue to create favorable conditions for businesses and investors

The Prime Minister requested ministries, branches and localities to focus on implementing a number of key tasks and solutions in the coming time to continue creating favorable conditions and building a safe and transparent business and investment environment. transparent and highly competitive so that the business community and investors, including foreign investors, can feel secure in investing effectively, long-term and sustainably in Vietnam.

For the business community and investors, the Prime Minister proposed to research and develop a long-term, sustainable, environmentally friendly development strategy that is consistent with national plans, industry plans, and regional plans. of Vietnam. Proactively innovate production and business models, restructure businesses associated with development according to green economy, digital economy, circular economy, knowledge economy, and response to climate change.

Along with that, implement well the entrepreneurial culture, regimes and policies for employees and accompany governments at all levels, for the benefit of businesses, investors and contributions to the State and people. Vietnam. Improve localization rate, develop supply chains with the participation of Vietnamese businesses, participate in human resource training, invest in infrastructure, contribute to building and perfecting institutions, and innovate management national governance, corporate governance in a modern direction.

On the association’s side, the Prime Minister hopes that associations will promptly inform and report problems and difficulties of members, businesses, and investors during business investment activities in Vietnam. At the same time, promptly recommend and propose appropriate policies and laws.

The Prime Minister expressed his belief that foreign businesses and investors continue to love, trust, and cooperate closely, "always loving Vietnam as their homeland".

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