A safe, friendly destination for investment

VGP - Minister of Planning and Investment Bui Quang Vinh has confirmed that Viet Nam will make every effort to furtherimprove the investment environment, sharpen its competitiveness, and create possible favorable conditions for foreign investors.

June 16, 2014 8:47 PM GMT+7

As of May 2014, 16,323 projects invested by 101 countries and territories from around the world have been operating in Viet Nam with a total registered capital of US$237 billion.

Foreign invested projects have significantly contributed to developing the country’s infrastructure.

They have played a positive part in improving production capacity and speeding up technological renovation as well as stimulating economic growth.

In 2013, total Foreign Direct Investment (FDI) in Viet Nam hit a record high of US$22.35 billion, up 36.7%, and the FDI disbursement also rose to US$11.5 billion, up 9.9%.

Apart from the goal of making profit, foreign investors are also interested in how to improve the quality of living standards of local people, said Liu Mei Teh, Chairwoman of the Council of the Taiwanese Chamber of Commerce in Viet Nam.

She has expressed hope that investors, employees and the government of Viet Nam will find common voice for mutual benefit to be achieved.

Roman Kuebler, Director General of B. Brauns Viet Nam, which aims to raise its total investment in Viet Nam to US$270 million, said the multinational group has proposed Viet Nam making investment environment, particularly policies clear, transparent and efficient.

Simon Andrews, International Finance Corporation (IFC) Regional Manager for Viet Nam, Laos, Cambodia and Thailand hoped that Viet Nam will soon complete the signing of trade agreements in the future.

By Thuy Dung