Deputy PM committed to better business environment
Vietnam will further improve its business environment to help foreign investors seek opportunities in the country, says Deputy Prime Minister Hoang Trung Hai.
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Speaking at a meeting with EU enterprises in Hanoi on September 26, Hai underlined the significant development of the Vietnam-EU relationship since diplomatic ties were established in 1990.
Describing the EU as Vietnam’s leading partner, he highlighted how two-way trade has enjoyed a six-fold increase from US$4.1 billion in 2000 to US$24.29 billion in 2011.
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The Deputy PM reaffirmed Vietnam’s policy of promoting relationships with the EU and its member nations.
In 2005, the Vietnamese government compiled its master plan on Vietnam-EU relations. Endowed with a purview until 2010, and establishing orientations until 2015, the plan targeted building equal partnerships, as well as fostering long-term, comprehensive cooperation in the interests of peace and development.
Hai said the signing of a Partnership and Cooperation Agreement (PCA) in June 2012 laid a firm foundation for the development of the relationship between Vietnam and the EU.
Most notably, current bilateral negotiation on a free trade agreement negotiations are expected to offer opportunities for improving economic relations and creating favourable conditions for increasing two-way trade and EU investment in the Southeast Asian nation.
The Deputy PM emphasised that the Vietnamese government is making every effort to create the best possible conditions to help foreign businesses achieve success in the country.