Prime Minister Nguyen Tan Dung stated that the legal and business environment in Viet Nam will see fundamental, major changes with more favourable and competitive features that will come up with a lot of cooperation and investment opportunities for foreign businesses.

Prime Minister Nguyen Tan Dung addresses the Republic of Korea-ASEAN CEO Summit in Busan. Photo: VNA

The Government leader addressed a Republic of Korea-ASEAN CEO Summit held in Busan, the Republic of Korea, on December 11, as part of activities marking the 25th anniversary of ASEAN-RoK Diplomatic Relations.

In 2014, Viet Nam’s economy continued to recover, estimating to achieve a growth rate of 6 %. Over 100 countries and territories have invested in 17,000 projects in the country with around 250 billion USD. More than 100 economic groups, including RoK giants, which were listed in the world’s 500 leading groups, have set foot in Viet Nam.

He made it clear that together with eight bilateral FTAs signed, Viet Nam is negotiating for a Trans-Pacific Partnership as well as other new generation free trade deals.

The fresh conclusion of an FTA with the Republic of Korea is expected to open up new collaboration prospects for the business circles of both Viet Nam and the RoK, he said.

Viet Nam can serve as a gateway for RoK investors to enter other regional markets with numerous preferences, he noted, vowing that the Vietnamese Government and localities will work together to facilitate the stable and long-term operation of foreign investors, including RoK businesses, in Viet Nam.

He was affirmative that Viet Nam will become an important chain of an economic network linking 55 partners, including 15 G-20 members.

Viet Nam always takes the success of foreign investors as its own, the PM concluded.

(Source: VNA)