Vietnam pledges to continue improving business environment

Prime Minister Nguyen Xuan Phuc affirmed Vietnam’s commitment to continued improvement in the business environment to create a facilitating and competitive business environment at the Greater Mekong Subregion (GMS) Business Summit’s plenary meeting in Hanoi on March 30.
vietnam pledges to continue improving business environment hinh 0

In his speech, PM Nguyen Xuan Phuc welcomed nearly 2,600 investors and entrepreneurs attending the 6th GMS Summit and the 10th Cambodia-Laos-Vietnam (CLV) Summit, describing them as the major driving force of GMS economic growth.

Phuc said the GMS needs to effectively utilize both internal and outside resources, and harness the technological advancements and breakthroughs with top priority given to ensuring rapid and sustainable development.

Vietnam will realize initiatives of the Greater Mekong Subregion (GMS) and translate them into reality, he said, adding that the country will promote management capacity bring about equal opportunities for all economic sectors and take heed to personnel training and human resource development and infrastructure.

Phuc also reiterated the country’s commitments to protecting intellectual property, innovative ideas and inventions of start-ups and promoting investment in transport infrastructure on the East-West, North-South, and southern economic corridors.

As one of the three pillars of the GMS, the Government of Vietnam places prioritises on intensifying in the vital transport routes, Phuc said while noting that the country will forge ahead with tax policy reforms and preferential regulations for investment in advanced technology, support industries, and high-tech organic agriculture, and other labour intensive sectors.

Vietnam pledges to undertake initiatives to support border trade, investment, tourism, agriculture and economy, as well as other forms of cross-border economic cooperation, he said.

The country will further boost deeper international integration in the GMS and the CLV. From 2018 to 2019, Vietnam will concentrate on the signing and approval of two new-generation free trade agreements, namely Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and EU-Vietnam Free Trade Agreement (EVFTA).

Prominent guests at the plenary meeting were Thai Prime Minister Prayut Cha-o-cha, Cambodian Prime Minister Hun Sen, Lao Prime Minister Thongloun Sisoulith, Myanmar Vice President U Henry Van Thio, State Councilor of the People’s Republic of China Wang Yi, President of the Asia Development Bank Takehiko Nakao, Secretary General of the Association of Southeast Asian Nations (ASEAN) Lim Jock Hoi, and World Bank Managing Director and World Bank Group Chief Financial Officer Joaquim Levy.

As many as 100 international organisations and development partners along with over 2,000 domestic businesses and those outside the GMS region were in attendance at the meeting.

The GMS Business Summit, a highlight of the sixth Greater Mekong Sub-region Summit (GMS-6) is designed to promote dialogues between enterprises and governments and connect businesses in the region and the world. The GMS cooperation was launched in 1992 as an initiative of the ADB.

VOV

Other News

First working day of Party Central Committee's fourth plenum

First working day of Party Central Committee's fourth plenum

Delegates held group discussions on the CPV Central Committee resolution calling for stronger building and rectification towards a clean, strong and comprehensive Party and political system able to meet the country's development needs in the new era.

Key Party leader hosts Hungarian Workers' Party chief

Key Party leader hosts Hungarian Workers' Party chief

The Communist Party of Vietnam always values its solidarity and friendship with the Hungarian Workers' Party and communist and workers' parties worldwide, which helps build political trust and supports Vietnam's relations with other countries, said key Party leader Tran Cam Tu.

14th Party Central Committee convenes fourth plenum

14th Party Central Committee convenes fourth plenum

In his opening remarks, General Secretary and President To Lam said that the 14th National Party Congress set out major orientations and strategic goals, while the second and third plenums adopted important policies on Party building, personnel, development and national defence. The fourth plenum must focus on creating conditions for effective implementation while preparing the theoretical, organisational and human resources foundations for the country’s long-term development.

Panamanian President's Vietnam visit offers new opportunity to deepen bilateral ties

Panamanian President's Vietnam visit offers new opportunity to deepen bilateral ties

Vietnamese Ambassador to Mexico and Panama Nguyen Van Hai noted that the visit is particularly significant as the first high-level exchange between the two countries in nearly 15 years, following then-President Ricardo Martinelli’s visit to Vietnam in 2012, and came shortly after the 50th anniversary of diplomatic relations in 2025.

Vietnam and Panama can become gateways linking two regions

Vietnam and Panama can become gateways linking two regions

"Panama can serve as a strategic platform for Vietnamese companies seeking greater access to Latin America and the Caribbean, while Vietnam represents an important gateway for strengthening Panama’s engagement with Southeast Asia", Ambassador Nubiela Ayala Modes confirmed.

Localities committed to achieving 2026 growth targets

Localities committed to achieving 2026 growth targets

Localities nationwide hailed effective and flexible directions delivered by the Government so far this year, resulting in positive nine-month socio-economic growth, and reaffirmed their commitment to achieving targets set for the whole 2026 at an online Government-locality conference on October 3.

Creating new drivers for Vietnam-Canada cooperation

Creating new drivers for Vietnam-Canada cooperation

The elevation of bilateral ties to a Strategic Partnership shows that Vietnam and Canada increasingly view each other not simply as trading partners, but as long-term partners in addressing economic, technological and regional challenges.

Top leader asks for sports development to build national strength

Top leader asks for sports development to build national strength

The top leader applauded the efforts of ministries, sectors, localities, social organisations, coaches, athletes, experts in developing physical education and sports in recent times, stressing that Resolution No. 08 has provided an important political foundation for sports development over the past 15 years, while Conclusion No. 70 set important orientations for the new period.

Vietnam mobilises resources to affirm its leadership role in APEC 2027

Vietnam mobilises resources to affirm its leadership role in APEC 2027

PSNews - Vietnam is recognised by its partners as an influential member of the Asia-Pacific Economic Cooperation (APEC) forum, with expectations that it will continue to demonstrate leadership when it hosts APEC for the third time in 2027, according to Standing Deputy Minister of Foreign Affairs Nguyen Minh Vu.

Top Vietnamese leader receives Chairman of Japan Bank for International Cooperation

Top Vietnamese leader receives Chairman of Japan Bank for International Cooperation

General Secretary and President Lam urged JBIC to continue promoting the substantive implementation of projects under the Asia Zero Emission Community (AZEC), and step up discussions on potential cooperation within the framework of the POWERR Asia (Partnership on Wide Energy and Resources Resilience Asia) initiative, including the development of strategic energy reserves.

NA, Government's Party committees meet on legislature's second session agenda

NA, Government's Party committees meet on legislature's second session agenda

National Assembly President Tran Thanh Man coordination must go beyond finishing the agenda to improve the quality of NA decisions and Government enforcement; deal with policies rather than just paperwork, especially in the fight against corruption and other negative phenomena; and pin down final responsibility for each product, not just progress.

Prime Minister receives Cambodian Minister of Inspection

Prime Minister receives Cambodian Minister of Inspection

Prime Minister Le Minh Hung asked the two countries' inspection agencies to build on their achievements by regularly exchanging information and experience, maintaining delegation exchanges, and coordinating inspections in areas related to bilateral economic, trade and investment cooperation.