FDI enterprises are an important component of Vietnam's economy

DNHN - Vietnam has always paid special attention to and identified the foreign-invested economic sector as a vital component of the Vietnamese economy, encouraging and facilitating its growth.

Prime Minister Pham Minh Chinh presided over the Prime Minister's Meeting with foreign investors on the morning of April 22 to hear opinions, resolve difficulties and problems, and meet with foreign investors.

The conference was held online between the bridgeheads of the Government Headquarters, 63 provinces, and centrally-run cities, and 37 bridge points at foreign-invested enterprises (FDI) in Vietnam.

Deputy Prime Ministers Le Minh Khai and Tran Luu Quang, as well as ministers, heads, and leaders of central ministries and branches, Presidents of provincial and city People's Committees, and leaders of associations and economic groups investing in Vietnam, attended the conference.

In addition, leaders of several foreign corporations and businesses with investment policies in Vietnam as well as representatives of Vietnam's investment promotion abroad participated in the conference online.

In his opening remarks, Prime Minister Pham Minh Chinh stated that the conference is of great importance, especially in the context of the fast-paced and complex global situation, with many unprecedented issues that have exceeded expectations and are impacting Vietnam's economic situation, causing problems to be resolved and challenges to be met.

The Vietnamese government desires to listen, share, and comprehend with foreign investors.

Foreign investors who have invested in Vietnam have also experienced the sharing, understanding, companionship, and consistency of the Vietnamese Government in directing and operating associated fields. to foreign investment and continue to review institutions and laws, to further strengthen the business investment environment based on the principle of "harmonious benefits, shared risks," and to strike a balance between the interests of the State, businesses, and the general public.

The Prime Minister asserted that the Vietnamese Party and State always pay special attention to the foreign-invested economic sector and identify it as an integral part of the Vietnamese economy. Create conditions for long-term growth, cooperation, and a level playing field with other economic sectors.

State respects and protects the legitimate and legitimate rights and interests of investors; ensures the harmonization of interests between the State, investors, and employees in the enterprise; do not criminalize economic and civil relations, but strictly handles those who violate the law by regulations to ensure and protect those who conduct legitimate business, comply with the law, and are accountable to the community, with shared development.

In a spirit of trust and sincerity, the Prime Minister praised the determination, seriousness, and efficiency of foreign enterprises and investors in their business investment activities in Vietnam over the past few years. become share, accept accountability, listen, comprehend, and accompany.

These decisive factors are the key to successful cooperation between the two parties; when we have them, we will be able to resolve difficulties and problems more quickly, efficiently, and easily.

The Prime Minister stated that, in addition to the achieved results, it is necessary to acknowledge openly that the FDI sector still has deficiencies, limitations, and inadequacies that must be resolved, obstacles to surmount, and has not truly met the development requirements. evolution and desires of both parties.

In the meantime, the global and regional situation continues to evolve rapidly, intricately, and unpredictably, impacting numerous economic, political, and social fields, including foreign investment activities.

Particularly, the Organization for Economic Cooperation and Development's (OECD) plan to implement a global minimum tax beginning in 2024 will have a significant impact on foreign investment and the attraction of foreign investment.

In this context, in addition to being steadfast on principled issues, it is important to consider adaption that is flexible, safe, and creative, as well as timely and effective policy responses to specific issues of water investment. External factors are crucially important for both national and corporate governance.

Before we can adapt effectively, we must have trust, sharing, listening, comprehension, and companionship.

In September 2022, more than six months ago, the Prime Minister met and conversed with FDI enterprises.

At that time, the two sides exchanged and discussed openly and honestly based on mutual trust, sharing, listening, understanding, and companionship; agreeing on solutions centered on overcoming obstacles, continuing to cooperate effectively, and achieving continued success.

Prime Minister Nguyen Xuan Phuc asked the delegates to focus on exchanging, discussing, and assessing the current situation, clearly identifying bottlenecks, difficulties, obstacles, opportunities, and advantages, and establishing tasks and specific solutions to continue aggressively promoting and enhancing the efficacy of foreign investment in Vietnam in the context of global, regional, and national challenges.

The Prime Minister stated that agencies have recently surveyed businesses and listened to their feedback to implement specific measures regarding the reduction, extension, and exemption of taxes, fees, charges, and land rent for businesses; The government and the prime minister continue to issue drastic directives to the State Bank regarding debt freezing, debt reduction, debt rescheduling, and debt extension in the coming days.

The Prime Minister asked delegates, business representatives, and investors to focus on clarifying issues and proposing specific recommendations in the spirit of frankness, sincerity, openness, and responsibility by the principles of "difficulty coming" where, untangle there, where the difficulty is, untangle there; problems at any level, that level is solved," "do not say no, do not say difficult, do not say yes but do not do."

The Prime Minister instructed the ministries, branches, and localities to exchange and respond to business and investor proposals and recommendations, as well as to have specific solutions in a spirit of sincerity, candor, demand, and listening. Listen, comprehend, and accompany; with the spirit of handling work and problems posed, relevant agencies, organizations, and individuals must be serious, timely, flexible, and effective.

In which problems and difficulties can be resolved immediately. Ministries, branches, and localities must have clear and conclusive answers, and problems that cannot be immediately resolved must be urgently researched and proactively resolved. In the spirit of "harmonious benefits, shared risks," decide or report to the competent authorities for timely, flexible, and effective handling, and balance of the interests of the State, enterprises, and people.

Based on the principle of ensuring compliance with the law and balancing interests, the Prime Minister stated that an appropriate document will be issued immediately following the conference to unify the implementation, adapt to the situation, be feasible and effective, and standardize the implementation.

"If we trust, are sincere, share, are accountable, listen, understand, and support one another, we will be able to overcome all obstacles and achieve success. "for investors, for the Vietnamese people, and Vietnam," stated the Prime Minister.

According to the Ministry of Planning and Investment, the country had 37,065 valid projects with nearly 445.9 billion USD in registered capital as of April 20.

It is estimated that the accumulated realized capital of foreign investment projects exceeds 279,8 billion USD, which represents approximately 62.8% of the total valid registered investment capital.

Particularly in 2023, as of April 20 of that year, the total newly registered capital, adjusted and contributed capital to buy shares, and buy capital contributions from foreign investors reached nearly 8.88 billion US dollars. The estimated realized capital of foreign investment projects in 2022 is approximately 5.85 billion US dollars.

These results were achieved despite the continued complexity and unpredictability of the global economic situation; global consumer demand decreased, inflation increased, and the trend of tightening monetary policy and rising interest rates continued in many countries; banking crisis in the United States and Europe.

According to the schedule, foreign business associations in Vietnam will comment on global investment capital flow trends and evaluate the business investment climate in Vietnam at the Conference.

Foreign businesses will also identify challenges, capitalize on investment opportunities, and expand investment in a variety of fields in Vietnam; concurrently, there are recommendations and proposals for rapid and sustainable development.

Representatives of the heads of ministries, branches, and localities will receive and respond to the questions and concerns of businesses in the field and scope of management. Some localities shared information about implementing policies and preparing conditions to welcome foreign investment into Vietnam. Prime Minister Pham Minh Chinh will then reach a final decision.

Pham Tiep (VNA/Vietnam+)