Minister of Planning and Investment Nguyen Chi Dung at the event (Photo: VNA) Hanoi (VNA) – A teleconference, themed “Vietnam– Rising Star”, was held in Hanoi on September 7 with an aim to improving theefficiency of doing business in Vietnam.
Co-organised by the Ministry of Planning and Investment, theState Bank of Vietnam and Standard Chartered Bank, the event was also expectedto share new investment trends, measures to improve business environment in thecountry.
Speaking at the event, Minister of Planning and InvestmentNguyen Chi Dung said with existing competitive edges, reform in investmentenvironment, active and effective COVID-19 prevention and control, Vietnam hasbecome an attractive and safe destination for foreign investors.
He wished that Standard Chartered would enhance linkage withinvestors, draw more multinational groups to Vietnam, as well as buildinnovation and international finance centres in the country.
Governor of the State Bank Le Minh Hung said since thebeginning of this year, the bank has cut operating rates twice to fuel creditgrowth, reduced deposit and lending rates in priority areas to make it easierfor borrowers to access lower-cost capital.
CEO of Standard Chartered Vietnam and five ASEAN and SouthAsia Cluster Markets Nirukt Sapru said many multinational groups set upbusiness operations in Vietnam to tap close proximity and connectivity with thebloc.
With a young, dynamic and technologically-literatepopulation together with a growing middle class and an open economy, Vietnamcontinues to offer attractive business opportunities, he said.
In order to welcome a shift of investment in win-winprinciple, Minister Dung said Vietnam is hastening preparations for land baseand key production infrastructures, workforce training and develop supportindustry by building special incentives for major and quality projects.
The Prime Minister also established a working group incharge of promoting foreign investment, improving business environment andnational competitiveness, with priority given to projects using advanced andeco-friendly technology, offering high added values and modern governance.
Amid the complicated developments of COVID-19, the StateBank of Vietnam will continue forecasting and updating scenarios to supportgrowth while ensuring macro-economic stability and creating a healthy andtransparent business environment for investors, he said.
Following the event, the MPI will continue partnering withthe Standard Chartered to update enterprises on Vietnam’s legal regulations andinvestment procedures./.
