Vietnam needs to further improve investment climate

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Vietnam needs to further improve investment climateA seminar on improving investment environment was held in Hanoi on March 18 by the Development Strategy Institute (DSI) and the European Chamber of Commerce (EuroCham).

The seminar provided a good opportunity for investors, experts, researchers and lawmakers to discuss issues related to seaport infrastructure development, foreign operations in the banking sector, price management, and a price law in pharmaceuticals and nutritious food.

DSI Director Bui Tat Thang stressed Vietnam is on its way to becoming a modern industrialised country in 2020 fuelled by rapid and sustainable economic growth.

He said to support the process, EuroCham issues a white book annually, which gives a comprehensive and transparent account of economic effects on European businesses in Vietnam.

If these issues are resolved, they will help increase FDI capital and tax revenue, generate more jobs, and create better quality products for Vietnamese citizens, Thang said.

At the seminar, EuroCham experts suggested that Vietnam clarify its regulations on foreign capital ownership limits at State-owned banks to make it more transparent.

The DSI will gather opinions and incorporate common ideas into short and long-term policies so as to improve the investment environment in Vietnam.

(VOV)

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