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Aug 10, 2015 / 08:03

Vietnamese Government to create most favourable conditions for Malaysian investors

Vietnam always welcomes and will create the most favourable conditions for Malaysian investors and those from other ASEAN member states to do business in the country, Prime Minister Nguyen Tan Dung affirmed at the dialogue with members of the ASEAN Business Club (ABC) and Malaysian enterprises in Kuala Lumpur on August 8.

Addressing the event, PM Dung briefed participants on Vietnam’s economic situation, saying that the country is entering into a new development period with a stable macro-economy, strong growth and curbed inflation.
 
PM Nguyen Tan Dung makes a speech at the dialogue with members of the ASEAN Business Club
PM Nguyen Tan Dung makes a speech at the dialogue with members of the ASEAN Business Club
Vietnam’s GDP rose nearly 6% in 2014 and around 6.3% in the first two quarters of this year. The figure is forecast to reach 6.5% in 2015, he said. 
The PM stressed that Vietnam is focusing on improving investment and business climate throughout promoting the economic restructuring in connection with renovating the growth model, in order to increase the competitiveness of the whole economy, enterprises and products. 
At the event, PM Dung also introduced issues related to Vietnam’s policies and investment opportunities in the country with ASEAN businesses in general and Malaysian firms in particular.
According to PM Dung, Vietnam’s participation in the ASEAN Community formed at the end of this year and the signing and realisation of new generation free trade agreements (FTA) with high standards between Vietnam with the European Union and the Trans-Pacific Partnership agreement expected in 2015 will help make Vietnam’s business climate suitable to market principles and international standards in the future. 
Important legal documents of Vietnam such as the revised Investment Law and Enterprise Law among others will contribute to creating favourable conditions for domestic and foreign investors’ operation, he added.
The PM also highlighted fruitful results in bilateral cooperation between Vietnam and Malaysia over the last four decades, saying that Malaysia is one of Vietnam ’s leading important partners in the fields of investment, trade and tourism. 
The Vietnamese leader added that the signing of a Joint Statement on establishing the Strategic Partnership between Vietnam and Malaysia during his talk with Malaysian Prime Minister Najib Tun Rajak will create favorable chances for closer cooperation between the two countries’ businesses.