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PM Nguyen Tan Dung - Photo: VGP
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PM Dung highlighted that the legal and business environment would be dramatically improved following the upcoming conclusion of 14 free trade agreements between Viet Nam and her partners.
Viet Nam would become an important chain of an economic network that covers 55 partners including 15 members of G20, said PM Dung.
He hoped that the ongoing 25th ASEAN-RoK Commemorative Summit would serve to spur economic, trade and investment linkages between the RoK and ASEAN member states.
According to the speaker, Viet Nam became a medium-income country since 2010 with an average GDP per capita of over US$ 2,000.
In 2014, the domestic economy continued recovering with an expected GDP growth rate of around 6%.
So far, over 100 countries and territories partook in over 17,000 investment projects worth around US$ 250 billion in Viet Nam. Especially, over 100 corporate groups in the list of the world's 500 largest corporations, including RoK giants, have also set foot in Viet Nam.
The Vietnamese National Assembly recently adopted two important laws on investment and enterprises in a bid to significantly bettering the domestic investment and business climate in an opener and more transparent manner in accordance with market-based economic regulations and international practices.
Meanwhile, the Vietnamese Government has persisted in restructuring the macro-economy and transforming growth model towards higher efficiency and competitiveness.
During the development period, Viet Nam, said PM Dung seeks huge investments for projects on infrastructure on electricity, renewable energy, urban transport, seaports and airports. These are expected to create good opportunities for foreign enterprises to participate in through the PPP model, including RoK ones.
PM Dung also hoped that the conclusion of negotiations on the Viet Nam-RoK Free Trade Agreement would open up vast opportunities for both Vietnamese and Korean businesses.
Finally, Mr. Dung affirmed that the Vietnamese Government and local authorities would pave the favorable way for foreign investors, including RoK ones to do long-term and successful business in Viet Nam./.
By Huong Giang
