Prime Minister: Strongly promoting and improving the efficiency of foreign investment in Vietnam

(VOV.VN )- The Prime Minister asked delegates, business representatives and investors to focus on being straightforward, sincere, and slightly open on the principle that “where difficulties are, they will be eliminated; If there is a problem at any level, that level will be solved”, the ministries, branches and localities exchanged and answered the proposals and recommendations of businesses and investors.

Speaking at the Prime Minister’s Conference to meet foreign investors this morning, April 22, Prime Minister Pham Minh Chinh emphasized that we need to have faith in sharing and listening to thoughts. understand and accompany, clearly identify bottlenecks and difficulties, and intertwine with favorable opportunities, on that basis, set out specific tasks and solutions to continue to strongly promote and improve the efficiency of foreign investment into Vietnam.

Also attending were Deputy Prime Minister Le Minh Khai, Deputy Prime Minister Tran Luu Quang, leaders of central and local departments and ministries, representatives of associations, corporations, enterprises and foreign investors. The conference takes place in person and online.

Speaking at the conference, Prime Minister Pham Minh Chinh emphasized that today’s conference is of great significance, especially in the context of the rapidly evolving and complicated world situation, with many unprecedented issues, beyond forecast; Vietnam’s economy continues to face many difficulties and challenges. The Government of Vietnam wishes to listen to specific opinions, suggestions and recommendations of foreign investors to continue reviewing and perfecting institutions and laws, and improving the business and investment environment in Vietnam. principle of “harmonious benefits, shared risks” and with the spirit of companionship, creating favorable conditions for businesses and investors.

“The Party and State have always paid special attention to and clearly identified that the foreign-invested economic sector (the FDI sector) is an important component of the Vietnamese economy, encouraged and created favorable conditions for the economy. conditions for long-term development, cooperation and fair competition with other economic sectors. The State respects and protects the legitimate rights and interests of investors; ensure the harmony of interests between the State, investors and employees in enterprises, do not criminalize economic and civil relations but strictly handle those who violate the law according to regulations, to ensure protect legitimate business people who comply with the law and are responsible to the community for the common development,” said the Prime Minister.

The Prime Minister highly appreciated the determination, seriousness and efficiency of foreign enterprises and investors in the process of investment and business activities in Vietnam over the past time. The Prime Minister emphasized that trust, sincerity and responsibility are the decisive factors and the key to the successful cooperation between the two sides – when we are sincere and trust each other, difficulties and obstacles will arise. problems will be resolved more easily, timely and more effectively.

The world situation in the region continues to evolve rapidly, with unpredictable complexity, affecting many socio-economic, political and social fields, especially foreign investment activities, especially the OECD’s plans, the Prime Minister said. The plan to apply a global minimum tax from 2024 will greatly affect foreign investment as well as attract foreign investment of countries in the region. In that context, besides being steadfast on principled issues, flexible and safe adaptation, and timely and effective policy responses to specific issues of foreign investment are very important. decisively important for both national governance and corporate governance, in order to adapt flexibly effectively, we first need to have faith in sharing, listening, understanding and accompanying, identifying clearly identify bottlenecks, difficulties, obstacles and favorable opportunities, on that basis, set out specific tasks and solutions to continue strongly promoting and improving the efficiency of foreign investment in Vietnam.

The Prime Minister suggested that delegates, business representatives and investors focus on frank, sincere and open discussions on the principle that “where difficulties are, they will be removed; problems at any level will be solved by that level”, ministries, branches and localities exchange and answer about proposals and recommendations of enterprises and investors and have specific solutions in the spirit of sincerity, frank, demanding, handling work, the problems raised must be timely, effective in the spirit, harmoniously balancing the interests of the State, enterprises and people.

According to a report by the Ministry of Planning and Investment, in 2022, the business investment environment will continue to improve, contributing to promoting the attraction of domestic and foreign investment in a very difficult context. Social investment capital in 2022 will increase by 11.2%, of which realized FDI will reach US$22.4 billion. By the end of the first quarter of 2023, investors from 143 countries and territories have invested in Vietnam with a total of about 37,000 valid projects and a total investment capital of nearly 445 billion USD, contributing about 20% of GDP, creating jobs and income for millions of workers. The FDI sector increasingly asserts its role as a dynamic economic sector, actively contributing to Vietnam’s socio-economic development achievements and international integration, contributing to enhancing Vietnam’s position and prestige in the international market. international.

Vietnam is one of a few countries that has been upgraded by prestigious international credit rating agencies in the context of the whole world facing difficulties and Vietnam is a country highly appreciated in building, developed and has a national brand with the fastest value growth in the world in the period of 2020-2022./.

At the conference, the delegates had a frank, lively, urgent and effective discussion, many enthusiastic and profound opinions and responsibilities of representatives of foreign businesses and investors. Representatives of leaders of ministries, branches and localities also reported, exchanged and clarified issues of mutual concern.

After listening to the speeches and conclusions of the conference, Prime Minister Pham Minh Chinh, on behalf of the Government of Vietnam, acknowledged, appreciated and sincerely thanked for the cooperation, companionship, support and sharing of difficulties. difficulties of the business community, investors in general and foreign enterprises and investors in particular in the past time, especially in the fight against the COVID-19 epidemic and efforts with Vietnam to overcome challenges, implement goals of rapid recovery and sustainable development.

The Prime Minister emphasized that in the coming time, the world situation and the region are forecasted to develop rapidly, complicatedly and unpredictably, with many new problems arising, difficulties and challenges will continue to outweigh opportunities and advantages. impact, multi-dimensional influence on countries, including Vietnam. Therefore, it is necessary to strengthen the analysis and assessment of the situation, and forecast important issues that directly affect Vietnam to have appropriate countermeasures, for the mutual benefit of both sides: the business community, investors. investment and the State and People of Vietnam.

In view of building the foundational factors for attracting investment, the Prime Minister requested, consistently implement the objectives of prioritizing inflation control, stabilizing the macro-economy, promoting growth, and ensuring major balances of the economy. economy; thereby creating a solid foundation and favorable conditions to attract investment.

Continue to drastically remove difficulties for production and business, improve the business investment environment in the spirit of “harmonious benefits, shared risks”; create favorable conditions for investors to do business effectively, long-term and sustainable in Vietnam.

Focus on mobilizing and effectively using all resources; take internal force as basic, decisive and long-term; external force is important, breakthrough; In which, it is clear that foreign investment is an important resource to contribute to promoting growth, ensuring jobs, jobs and life for the people.

To step up the building of an independent and self-reliant economy in association with proactive and active international integration, which is comprehensive, substantive and effective. Improve the resilience and competitiveness of the economy.

At the same time, continue to focus on building and perfecting the fundamental and core elements of Vietnam, which is building a socialist democracy; Socialist rule of law state; Socialist-oriented market economy.

Regarding investment attraction orientation, the Prime Minister pointed out that Vietnam continues to create favorable conditions and build a safe, transparent and highly competitive business investment environment for the business community, investors, in which foreign investors are assured of long-term investment in Vietnam with the spirit of equality, mutual development, mutual benefit, mutual responsibility to society, employees, environmental protection; especially ensuring harmonized benefits, sharing risks (as I mentioned above).

Vietnam advocates for selective investment attraction and cooperation, taking quality, efficiency, technology and environmental protection as the main evaluation criteria. In which, priority is given to attracting projects in three aspects: in the fields of high technology, innovation, research and development; Creating favorable conditions for Vietnamese enterprises to participate in the value chain; Promote the digital economy, green economy, circular economy and actively contribute to sustainable development.

Vietnam is committed to creating the best business environment in line with OECD standards. These are: Maintaining socio-political and macroeconomic stability; Remove bottlenecks of the economy in terms of legal institutions, infrastructure and human resources; Developing supply chains, reducing transaction costs, especially logistics and administrative costs; Building a stable, predictable policy-environment, ensuring transparent implementation and promoting accountability.

Regarding the OECD’s application of the global minimum tax, the Prime Minister affirmed that Vietnam always upholds compliance with the law and actively and actively participates in common international commitments, including tax commitments. OECD global minimum. At the same time, Vietnam will continue to improve institutions, policies and laws to improve the quality and efficiency of foreign investment cooperation on the basis of harmonizing the interests of the State, investors and people.

The Government has been directing to urgently review and take measures to attract investment and support other than taxes on the basis that it is not contrary to international regulations and commitments, harmonize interests between the parties, ensure ensure equal treatment among enterprises such as land-related assistance; scientific and technological research expenses; administrative reform; develop social housing, housing for workers; human resource training; infrastructure development… to encourage existing and new investors.

In addition, focus on reviewing and perfecting institutions, regulations and developing a roadmap for the application of the global minimum tax on the basis of international experience and appropriate application to Vietnam, and submit it to the competent authorities. approve.

Regarding the key tasks and solutions in the coming time, the Prime Minister requested, ministries, branches and localities to continue to thoroughly grasp and seriously and effectively implement the guidelines and guidelines of the Party, policies and laws of the Party. The State, under the direction of the Government and the Prime Minister, creates a more favorable business and investment environment with the motto “Putting people and businesses as the center, as the subject, as the goal, motivation and development resources”.

Continue to assess the current situation, review, focus on improving institutions, focus on implementing synchronously, drastically and effectively Resolution No. 01/NQ-CP dated January 6, 2023 of the Government and Directive Market No. 03 days … of the Prime Minister.

For recommendations and proposals of enterprises and investors, including foreign investors, it is necessary to listen carefully with the spirit of market demand; promote public-private cooperation, open up and effectively use all resources for development, including developing strategic infrastructure system in association with perfecting institutions and training high-quality human resources; strengthen the work of grasping the situation and forecasting closely in order to have an appropriate, flexible and timely policy response to arising situations, especially appropriate mechanisms and policies to create favorable conditions. for domestic and foreign investors, promoting close and effective cooperation between the State, people and businesses.

For the business community and investors, the Prime Minister requested, to build a long-term, sustainable and environmentally friendly business strategy, focusing on emerging industries such as digital transformation, green transformation, economic circular economy, knowledge economy, climate change response.

Well implement the entrepreneurial culture, regimes and policies for employees and accompany the authorities at all levels, contributing to improving the business investment environment, bringing high added value, for the benefit of the employees. Enterprises, investors and contributors to the State and People of Vietnam.

Foreign businesses and investors should uphold the spirit of “harmonious benefits, shared risks”; “said to do; committed to effective implementation”, with capacity, wisdom and experience to transform difficulties and challenges into opportunities and motivation for development.

Actively innovating production and business models, restructuring enterprises in association with development according to green economy, digital economy, circular economy, constantly innovating, creating, building and enhancing brands.

The Prime Minister suggested that associations should promptly inform and report problems and difficulties of members, enterprises and investors in the process of investment and business activities in Vietnam; promptly recommend and propose appropriate policies and laws.

On this occasion, the Prime Minister called on foreign businesses and investors to continue to maintain their faith, uphold the spirit of cooperation for mutual benefits, overcome difficulties, overcome challenges, and “turn risks into threats”. , continue to accompany and develop sustainably and effectively with Vietnam – The success of investors is also the success of Vietnam.

Vietnam always welcomes and creates favorable conditions for investors to win and develop together with Vietnam.

At the same time, the Prime Minister suggested that we join hands, join hands, join hands, with practical and effective actions, strive for a world of peace, stability, cooperation, development and development. no one is left behind.

The Prime Minister emphasized, resources originate from thinking; Motivation comes from innovation; Success comes from trust and cooperation. Only from the right thinking, drastic innovation, firm belief and sincere cooperation and sharing can we overcome today’s great difficulties and challenges.

The Prime Minister wishes and believes that, with the spirit of solidarity, sharing and joining hands, the business community, investors in general and foreign investors in particular will always accompany the Government and people of Vietnam. Nam strives to overcome difficulties, overcome challenges, continue to act fiercely and achieve more successes, bringing practical, long-term and sustainable benefits to the whole business community and investors. The State and People of Vietnam./.

Source: VOV