PM Nguyen Tan Dung joins with other leaders of ACMECS countries at the dialogue with business representatives, Myanmar, June 23, 2015. Photo: VGP

The Government chief made the statement while attending a dialogue between ACMECS leaders and business representatives in Myanmar on Tuesday.

As ASEAN members and located next to vast markets like China and India, all five countries of Viet Nam, Laos, Cambodia, Thailand and Myanmar own huge potentials to improve their role and position in the global supply chain.

Since its establishment in 2003, ACMECS cooperation has achieved encouraging outcomes, contributing to the acceleration of trade and economic ties among the member countries.

The formulation of East-West Economic Corridor (EWEC) and South Economic Corridor (SEC) have helped cut transport costs and raise the competitiveness of the five countries, directly benefiting businesses operating in this region.

ACMECS leaders called on businesses to actively participate in designing and developing cooperation programs and putting forth initiatives of resource mobilization and combination for cooperative activities in the region.

PM Dung said he always welcomes foreign investors in Viet Nam dotted with rising middle class and improving business environment.

The Vietnamese Government is redoubling its efforts to step up renewal process, beef up economic restructuring and international integration in a bid to create most favorable conditions for investors.

This year, Viet Nam gives high priority to improving the business environment and national competitiveness, he said.

With the prospect of signing 14 free trade agreements through 2020 and the formulation of ASEAN Community by the end of 2015, Viet Nam will be an important link of economic connectivity with 55 partners, including the US, the EU, Russia, China and Japan./.

By Ngoc Van