Viet Nam has attracted numerous investors from member countries of the Association of Southeast Asian Nations (ASEAN) and other parts of the world thanks to its successful renewal process.
This is the message delivered by Mirzan Mahathir, President of the Asian Strategy and Leadership Institute (ASLI) of Malaysia, at a seminar dubbed “Viet Nam: A rising star – Prospect for Investment and Business” held in Ha Noi on Nov. 26.
Mahathir stressed that since its admission to the ASEAN, Viet Nam has greatly contributed to cooperation activities within the bloc as well as cooperation frameworks between the grouping and its dialogue nations. “Viet Nam ’s integration helps the country exploit its potential more effectively,” he said.
According to the ASLI President, abundant workforce and plentiful natural resources are important factors for Viet Nam, particularly its 30 Northern provinces and cities, to lure more foreign investment into production, construction and tourism.
“Malaysian businesses always consider Viet Nam an attractive investment destination and a large number of investors from Malaysia have come and operated profitably in Viet Nam,” Mahathir added.
Meanwhile, Deputy Minister of Planning and Investment Nguyen Bich Dat was optimistic about the possibility of drawing in more than 14 billion USD in foreign investment this year.
Dat noted with pleasure that Viet Nam has over the past years spared no efforts to complete policies with a view to creating a more transparent and equal investment environment for businesses in different forms.
The deputy minister said infrastructure facilities and the qualification of human resources, which had been regarded as Viet Nam’s weaknesses, have improved remarkably. As a result, this year’s foreign investment is estimated to surge by 27 percent and 54 percent over 2006 and 2005, respectively.
To maintain sustainable growth in this field, he said, Viet Nam will continue to better legal system, business institutions and markets for labour, finance-banking, real estate, technology transfer. The country will also speed up administrative reform, expand decentralisation of investment management to grassroots levels, and strengthen the fight against corruption.
At the workshop, co-hosted by the Ministry of Planning and Investment and the ASLI, participants heard reports on investment opportunities in Phu Tho, Ha Nam , Quang Binh, Ha Tay and Lang Son provinces.
They were also introduced to Viet Nam’s investment laws and policies as well as prospect for developing infrastructure and industrial production in the country.
Within the framework of the seminar, a forum for chief executive officers (CEO) was also be organised to provide another channel of information for leaders from ministries, sectors, localities and businesses to work out plans to call for investment into their areas.
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