PM Phuc made the statement at a meeting with Dutch enterprises and investors, which are seeking investment opportunities in Vietnam, in The Hague on July 10 as part of activities in his official visit to the Netherlands.
The Vietnamese government leader briefed participants on key development indexes and main characteristics of the national economy – which has a total export value of US$400 billion and a GDP worth about US$160 billion.
PM Phuc affirmed that Vietnam will facilitate the development of private investment funds, adding that the Netherlands is a strategic partner of Vietnam in dealing with climate change.
The Vietnamese Government also pays attention to protecting legitimate rights and interest of foreign investors in the country, he noted.
According to the PM, thanks to efforts to better its legal system of foreign investment, Vietnam attracted 23,600 foreign direct investment (FDI) projects worth over US$320 billion.
Vietnam signed 12 free trade agreements (FTA) with member countries of the G20, and is going to ink a FTA with the European Union, he said.
Meanwhile, investors of the Netherlands stressed that Vietnam boasts great potential for development and the Vietnamese Government’s policies and priorities related to sustainable development are key factors helping promote the country’s growth.
They fielded about Vietnam’s policies and orientations for developing key fields of its economy such as energy, finance, small and medium-sized enterprises, and investment fund.
They also shared their intention to invest or expand operation in Vietnam, hoping to receive support from the PM, Government and relevant agencies.
Representatives from Vietnam’s ministries and sectors replied to questions relating to policies to develop small- and medium-sized enterprises, renewable energy, and orientations to promote science-technology development in response to the 4th Industrial Revolution.
Previously, in late July 10, PM Phuc hosted a reception for Managing Director of the World Economic Forum (WEF) Philipp Roesler, during which he asked the WEF to support Vietnam in effectively implementing FTAs, accelerating administrative reform, improving competiveness, developing IT infrastructure and training human resources.
He also called on the forum to coordinate with Vietnam in organising the WEF ASEAN 201 in the country.
For his part, Philipp Roesler agreed to work with Vietnam in implementing cooperative agreements signed between the two sides and in preparing for the conference.
He also pledged to continue sharing experience with Vietnam and help the country promote its economy, fine-tune national competitiveness and boost international integration.
The WEF executive invited Prime Minister Nguyen Xuan Phuc to attend an annual WEF meeting in Davos, Switzerland, in January 2018.