Vietnam facilitates long-term operations of foreign firms: Spokeswoman

Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam has paid due attention to improvingits investment environment and creating conditions for foreign enterprises to do long-term business in the country, Spokeswoman of the Ministry of Foreign Affairs Le Thi ThuHang told a press conference on May 26.

Responding to a question about Vietnam’s economicdevelopment policy, Hang stressed that Vietnam sees foreign investment as animportant resource and a driving force for the country’s economic development,international cooperation and engagement in global value chains.

To boost production, business and economic recoveryafter the COVID-19 pandemic, the Vietnamese government has adopted varioussolutions to streamline administrative procedures and improve the investmentenvironment, contributing to building confidence among foreign firms andattracting investment, she said.

Vietnam will continue its focus on measures toincrease productivity in the production and business sector, consolidate andimprove the quality of infrastructure, and develop high-quality human resources, according to thespokeswoman.

At the same time, more policies will be rolled outto lure more foreign investors to expand their operations in areas thatmatch the country’s development orientations, prioritising projects using new,cutting-edge, clean technologies, and with modern administration, and creating highadded values and positive impacts, and connecting to global production and supply chains, Hang said./.

VNA