PM expects new wave of Australian investment in Vietnam

3/16/2018 - 5:41:50 PM

Prime Minister Nguyen Xuan Phuc has stated that he expects a new wave of Australian investment in Vietnam as the two countries have recently upgraded their relationship to a strategic partnership.

Prime Minister Nguyen Xuan Phuc and Australian investors

The Vietnamese leader made the statement at a meeting with major Australian investors on March 15 as part of his official visit to Australia.

He emphasised that Vietnam is striving to improve its business climate and restructure its economy, while informing the Australian investors of Vietnam’s economic performance in 2017 and in the first months of 2018.

The Prime Minister affirmed that the Vietnamese Government is taking a range of measures to achieve sustainable economic growth and protect the rights and interests of foreign investors.

He added that Vietnam attaches significant importance to developing a healthy and sustainable financial market that is inviting to investors.

Speaking at the meeting, Macquarie Group Chairman Peter Warne expressed his interest in Vietnam’s infrastructure development priorities.

He noted that Vietnam, with a population of 90 million people, one third of which are living in cities, is an attractive destination for foreign investors, including those from Australia.

For his part, Vinacapital CEO Don Lam stated that Vietnam has made great efforts in terms of institutional reforms and State-owned enterprise equitisation in recent years.

He added that the Vietnamese PM always values investors and acts to improve the business environment in Vietnam, making it increasingly attractive to foreign investors.

Source: NDO

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