PM wants OECD to help Vietnam attract high-quality investment

By VNA   October 27, 2023 | 07:22 am PT
PM wants OECD to help Vietnam attract high-quality investment
Prime Minister Pham Minh Chinh (R) meets with Secretary-General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann in Hanoi on Oct. 27, 2023. Photo by Vietnam News Agency
Prime Minister Pham Minh Chinh has called on the OECD to assist Vietnam in promoting new growth drivers such the green transition, digital transformation and carbon market development.

Chinh made the remarks when receiving Secretary-General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann in Hanoi on October 27, on the occasion of his attendance at the OECD-Southeast Asia Ministerial Forum 2023 the OECD and activities of the OCED Southeast Asia Regional Program (SEARP).

PM Chinh expressed thanks for the OECD's partnership and support to Vietnam in its role as the Co-Chair of the SEARP, especially its contributions to the success of the the OECD-Southeast Asia Ministerial Forum 2023 and the OECD-Vietnam Investment Forum 2023, which took place on October 26-27.

He welcomed the OECD's approval of the Indo-Pacific Strategy in June and wished that the OECD and the Secretary-General would continue their support for the region by allocating resources to enhance regional cooperation.

The host suggested Vietnam and the OECD further intensify their substantive and effective cooperation.

Sharing Vietnam's strategic development directions, he sought the OECD's assistance in formulating policies to attract high-quality investments.

This will enable Vietnam to integrate more deeply into the global value and supply chains, protect investors’ interests, and efficiently adapt to new standards, particularly the global minimum tax.

Cormann, for his part, spoke highly of Vietnam's key role in its capacity as the Co-Chair of the SEARP, especially the initiative to organise the OECD-Southeast Asia Ministerial Forum 2023.

He hailed the forum's theme "Sustainable and Quality Investment: New Momentum for OECD- Southeast Asia Partnership", which he said, accurately reflects the interests and attracts the participation of many ministerial-level representatives from various countries.

In his view, Vietnam still has many opportunities to attract high-quality investments towards green and sustainable development amid the global changes.

Reaffirming the significance of the Southeast Asia and Vietnam in particular for OECD, he agreed to elevate the Vietnam-OECD relationship and expressed readiness to cooperate with Vietnam in fields of shared interest.

 
 
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