PM calls on foreign firms to keep faith in Vietnam's investment environment

By Anh Minh September 17, 2022 | 05:08 am PT

Prime Minister Pham Minh Chinh (R) shakes hands with leaders of foreign-invested firms during a meeting in Hanoi, September 17, 2022. Photo courtesy of Vietnam Government Portal

Prime Minister Pham Minh Chinh pledged to create a safe and transparent investment environment and urged foreign companies to keep faith while doing business in Vietnam.

During a meeting with foreign direct investment (FDI) enterprises on Saturday, the PM said Vietnam would create favorable conditions for foreign companies to invest long-term in the country.

He said the Vietnamese government always has consistent policies and solutions to maintain macroeconomic stability, control inflation, and keep a reasonable exchange and interest rate.

In the first eight months of the year, FDI disbursement hit $12.8 billion, up 10.5% year-on-year, the highest over the past five years.

Recently, many international businesses have been looking for locations to expand operations and diversify supply chains, with Vietnam emerging as one of the leading choices.

Nakajima Takeo, chief representative of Japan External Trade Organization in Hanoi, said that Japanese investment inflows into Vietnam increased by more than 59% last year and over 45% this year.

Minister of Planning and Investment Nguyen Chi Dung told the meeting Vietnam would continue improving its business environment and relaxing administrative procedures to attract foreign investors.