PM holds dialogue with ASEAN Business Club members

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PM holds dialogue with ASEAN Business Club members

The Vietnamese Government always welcomes and will create most favourable conditions for Malaysian investors and those from other ASEAN member nations to operate in Vietnam , Prime Minister Nguyen Tan Dung told members of the ASEAN Business Club (ABC) at a dialogue in Kuala Lumpur on August 8. At the event, issues related to Vietnam’s policies and investment opportunities in the country were introduced by the Vietnamese leader to ASEAN businesses in general and Malaysian firm in particular.

PM Dung also briefed participants on Vietnam’s economic situation, saying that the country is entering into a new development period with a stable macro-economy, strong growth and curbed inflation.

Vietnam’s GDP increased nearly 6 percent in 2014 and around 6.3 percent in the first two quarters of this year. The figure is forecast to reach 6.5 percent in 2015, he said.

The Prime Minister stressed that Vietnam is focusing on improving investment and business climate throughout promoting the economic restructuring in connection with renovating the growth model, in order to increase the competitiveness of the whole economy, enterprises and products.

The country also pays attention to accelerating administration reform to build a transparent and effective investment environment, while increasing investment in infrastructure development and human resource training to meet the country’s development demand.

According to the Government leader, Vietnam’s participation in the ASEAN Community after it is formed by the end of this year and the signing and realisation of new generation free trade agreements (FTA) with high standards between Vietnam with the European Union and the Trans-Pacific Partnership agreement expected in 2015 will help make Vietnam’s business climate suitable to market principles and international standards in the coming time.

Important legal documents of Vietnam such as the revised Investment Law and Enterprise Law among others will contribute to facilitating domestic and foreign investors’ operation, he added.

During the dialogue, the PM also highlighted fruitful results in bilateral cooperation between Vietnam and Malaysia over the last four decades, affirming that Malaysia is one of Vietnam ’s leading important partners in the fields of investment, trade and tourism.

There are great potentials for the two nations to boost their links in the future, he noted.

He added that the signing of a Joint Statement on establishing the Strategic Partnership between Vietnam and Malaysia during his talk with Malaysian Prime Minister Najib Tun Rajak will create favorable opportunities for closer cooperation between the two sides’ enterprises.

Prime Minister Nguyen Tan Dung is on his two-day official visit to Malaysia , which began on August 7 at the invitation of his Malaysian counterpart Najib Rajak. The visit is expected to lift multifaceted cooperation between the two countries in the time ahead.

On this occasion, the Government leader had a meeting with the Vietnamese Embassy staff and representatives of the Vietnamese community in Malaysia.