Vietnam to improve investment climate for Dutch businesses


Vietnamese Prime Minister Nguyen Xuan Phuc has promised to continue to provide favorable conditions for foreign investors in the Southeast Asian country during his visit to the Netherlands.

The Vietnam-Netherlands Business Forum was held in The Hague on Monday afternoon with the attendance of 400 local businesses, part of PM Phuc’s official trip to the European nation from July 9 to 11.

During his opening speech, Lodewijk Asscher, Deputy Prime Minister of the Netherlands and Minister of Social Affairs and Employment, said that the two nations had traditional ties in dealing with climate change, sustainable agriculture, and food safety.

The European country is also willing to assist Vietnam in port management, dam and irrigation work construction, Asscher continued.

The Dutch official mentioned the long history of bilateral cooperation since the 17th century when Dutch businessmen first operated in the Southeast Asian country.

Speaking at the event, PM Phuc stated that famous brands from the Netherlands, including Unilever, Heineken, Dutch Lady, and Philips, have long been trusted and favored by Vietnamese consumers.

Vietnam hopes to welcome more Dutch investors to the country, the premier continued.

The Vietnamese government has been improving the country’s investment environment and will continue providing favorable conditions for businesses from the Netherlands and other countries.

“We have a transparent set of laws and open regulations, which are suitable for foreign enterprises to invest in Vietnam,” PM Phuc said.

Vietnam still needs to deal with several challenges brought about by climate change, a problem similar to the Netherlands.

The two nations will coordinate closely with each other in exchanging knowledge and technology to cope with the situation.

The head of government hoped that the Netherlands would help foster Vietnam’s strengths in agriculture and aquaculture, and boost the country’s image in the global value chain.    

Speaking with Tuoi Tre (Youth) newspaper, Vu Tien Loc, president of the Vietnam Chamber of Commerce and Industry, said that a total of nine agreements were signed at the event, worth a combined US$800 million.

The deals focus on sustainable development in Vietnam’s Mekong Delta, the countries‘ ties in food safety management, assistance in flood control and natural disasters, and maritime training among others, Loc said, adding that two more agreements are expected to be inked later in the visit.

Source:     Photo: CBR Investment Ltd.