Vietnam facilitates investment of EU firms: PM

Sep 18th at 09:23
18-09-2020 09:23:22+07:00

Vietnam facilitates investment of EU firms: PM

Prime Minister Nguyen Xuan Phuc on September 16 hosted a reception for Dutch and Belgian Ambassadors, Elsbeth Akkerman and Paul Jansen, along with EU investors who want to pour capital into a seaport logistics project worth nearly 1 billion USD in Vietnam.

Vietnam facilitates investment of EU firms: PM
Prime Minister Nguyen Xuan Phuc on September 16 hosted a reception for Dutch and Belgian Ambassadors, Elsbeth Akkerman and Paul Jansen, along with EU investors. (Photo: VNA)

Prime Minister Nguyen Xuan Phuc on September 16 hosted a reception for Dutch and Belgian Ambassadors, Elsbeth Akkerman and Paul Jansen, along with EU investors who want to pour capital into a seaport logistics project worth nearly 1 billion USD in Vietnam.

At the meeting, the leader stressed the Vietnamese Government always facilitates the investment of foreign firms, especially those from the EU that have potential and high technological capacity.

He also highlighted all-round developments of the relations between Vietnam and Belgium and the Netherlands, saying the two countries are Vietnam’s important trade partners.

However, PM Phuc said cooperation outcomes have yet to match potential and strength of the sides.

The Dutch Ambassador expressed her impression on Vietnam’s efforts in the COVID-19 combat and economic development.

The Dutch Government backs Cai Mep Ha Logistics Centre project in the southern province of Ba Ria-Vung Tau which the EU investors are interested in, she said, adding that the Dutch Development Bank has committed 10 percent of the project investment.

For his part, Ambassador Paul Jansen said that the Belgian Corporation for International Investment will also play a role in the investment.

Once operational, the Cai Mep Ha Logistics Centre can accommodate large container ships, helping to deliver Vietnamese goods abroad, investors said, expressing their hope that the project will soon be approved.

They also committed to ensuring the progress and quality of the project, and using “green transportation methods” for sustainable development once it is given the green light.

Ba Ria-Vung Tau has approved the 1/2000 project planning scheme and located the project, and now stands ready for site clearance.

PM Phuc spoke highly of the effective cooperation between Vietnam and the two countries at multilateral and international forums such as the UN, ASEM and ASEAN-EU.

He called on the two countries, together with the EU, to raise a stronger voice in protection of the respect for law at seas and oceans, as well as the East Sea stance of Vietnam and ASEAN.

The leader said he believes that the EU-Vietnam Free Trade Agreement (EVFTA) will bring about great opportunities to Vietnamese and EU businesses in operation and market expansion.

He suggested the Netherlands and Belgium help Vietnam improve its capacity for the enforcement of the deal.

VIR





RELATED STOCK CODE (2)

NEWS SAME CATEGORY

Gloomy days at foreigners’ markets in Ho Chi Minh City

Markets and grocery stores targeting foreigners in Ho Chi Minh City are struggling to stay afloat amid a dearth of customers due to the COVID-19 pandemic.

Biggest Thai trade fair opens in HCM City

A wide range of quality Thai products and services from 150 Thai leading firms are being showcased at Top Thai Brands, the biggest Thai trade fair in Viet Nam...

Vietnam GDP growth to reach 8.1% in 2021: Goldman Sachs

Goldman Sachs expected exports to be Vietnam’s major driving force for economic recovery.

Thousands of foreigners permitted to enter HCM City for work

Ho Chi Minh City’s Department of Labour, Invalids and Social Affairs has raised a proposal to the municipal People’s Committee, regarding the entry of 7,000 foreign...

Dak Lak seeks to become investment magnet

Dak Lak seeks to improve its business and investment climate to become an attractive investment destination, according to the Central Highlands province’s...

Viet Nam ranks second on M&A potential list

Viet Nam has been ranked second after the US on a list of the world's most active, dynamic and potential markets for merger and acquisition (M&A) deals this year.

Climate change interrupts operations of half of Vietnamese enterprises

As one of the countries most affected by extreme climate events, climate change has multifaceted negative impacts on activities of Vietnamese enterprises.

City to revoke long-delayed projects

HCM City authorities are planning to revoke “long-delayed or projects that are no longer feasible” that have affected thousands of home owners who have been asked...

Businesses must understand trade remedy implications, says expert

International trade remedies are used by many countries to protect their domestic industries, especially now production has stalled due to the impacts of COVID-19...

Viet Nam's GDP revised down to 1.8% in 2020: ADB outlook

The Asia Development Bank (ADB) on Tuesday cut economic growth forecast for Viet Nam by 2.3 percentage points to 1.8 per cent in 2020.


MOST READ


Back To Top