24/01/2008 -- 10:41 PM
Davos (VNA) - Viet Nam will further improve its business environment for investors by strictly implementing WTO commitments and completing market economy mechanism. Deputy Prime Minister Hoang Trung Hai made the pledge during his dialogue with nearly 50 leaders of world leading businesses in Davos , Switzerland , on Jan. 24 within the framework of the 38th World Economic Forum (WEF).Viet Nam , he said, is determined to create a fair and equal legal environment for healthy competition for all economic sectors both inside and outside the country, strengthen the fight against corruption, speed up administrative reform, and hold regular meetings with entrepreneurs to timely adjust its policies.“Once foreign entrepreneurs invest in Viet Nam , they become an integral part of the Vietnamese economy. Their successes are also Viet Nam ’s successes, so the Government of Viet Nam is responsible for protecting legitimate interests of investors,” Deputy PM Hai stressed.The official said within one year after Vietnamese PM Nguyen Tan Dung’s dialogue with more than 40 executives in Davos , Viet Nam attracted up to 20.3 billion USD in foreign direct investment (FDI) in 2007, double the previous year’s figure. In addition, a series of large-scaled projects are awaiting licences, signalling a new wave of FDI into the Southeast Asian country, he added.He went on to say that coming to Viet Nam, investors will be able to get access to a market with more than 80 million people and through which they can approach a larger market with over 600 million consumers of the Association of Southeast Asian Nations (ASEAN). More opportunities are in store with the establishment of free trade areas between ASEAN and China , Japan and the Republic of Korea in the future.Representatives from the participating companies all spoke highly of Viet Nam ’s rapid economic growth as well as its efforts to lure investment over the past years.They expressed interest in Viet Nam ’s plans to develop infrastructure facilities and skilled human resources in the near future.-Enditem Theo Vietnam News Agency
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