Bắc Ninh
Vietnam’s business climate unaffected by State apparatus reshuffle: Spokeswoman
The ongoing state apparatus restructuring will not affect Vietnam’s business and investment environment, affirmed Spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang.
During the ministry’s regular press conference in Hanoi on February 13, Hang said restructuring is a regular practice of countries to make the state apparatus aligned with its functions and duties in the new era.
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Vietnam is focusing on attracting investment in digital transformation, artificial intelligence applications, and green growth. |
The policy of streamlining the state apparatus for increased efficiency and capacity was introduced in 2017, carefully prepared, and implemented with a suitable roadmap.
Vietnam has introduced regulations to simplify investment procedures, making it easier for foreign firms to establish long-term operations in the country, she noted.
Addressing queries about railway projects linking Vietnam and China and their impact on bilateral ties, she said they are part of efforts to implement the strategic breakthrough in building a modern infrastructure system - one of the three strategic breakthroughs outlined in the Resolution of the 13th National Party Congress.
These projects also aim to enhance connectivity among economies, including road, rail, and logistics infrastructure, to meet the country’s development and integration needs, and aligning with the development trends of the new era, she added.
Once completed, the rail lines between Vietnam and China will further facilitate their travel and exchanges, while boosting economic, trade, investment and tourism cooperation, not only between the two countries but also within the broader region, she stated.
It creates the framework for the fund, providing cash grants and subsidies to enterprises with qualified investment projects in Vietnam.
Vietnamese Government pledges support for the investors to develop high-tech sectors through incentives regarding investment and high-quality human sources.
According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.
The recent signing of a Memorandum of Understanding (MoU) between Vietnam's Ministry of Planning and Investment (MPI) and Japan's Mie prefecture has taken economic and investment cooperation between the two countries, and particularly with Mie, to a new level.
Vietnam has cemented its position as an attractive destination for foreign businesses looking to expand their operations in Southeast Asia, driven by robust growth and expanding infrastructure.
BAC GIANG - On the afternoon of January 15, the Bac Giang Provincial People's Committee held a meeting to grant investment registration certificates and deploy the implementation plan of Xuan Cam - Huong Lam Industrial Park in Hiep Hoa district for the phase 1. The event was chaired by Phan The Tuan, Vice Chairman of the Provincial People's Committee.
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