According to the Government Newspaper, this is the 8th meeting in the past week, the 10th meeting in nearly the past month of the Prime Minister with the business community, domestic and foreign banks to promote investment, production and business, achieving the growth target of 8% or more in 2025 and double digits in the coming years.
Concluding the discussion, Prime Minister Pham Minh Chinh responded and clarified a number of specific issues that ASEAN businesses are interested, concerned about, and proposing such as the purchase and sale prices of power projects in Vietnam; licensing procedures, investment, and foreign banking activities in Vietnam; investment in the development of the logistics industry, e-commerce development, clean agricultural production; land policies, etc.
The Prime Minister made a number of proposals and orientations for cooperation with ASEAN enterprises in general as well as specific proposals for enterprises of each ASEAN country in particular.
For Singaporean enterprises (ranked 2nd in the world in investment in Vietnam), the Prime Minister proposed to actively participate with the Governments of the two countries in effectively implementing the Framework Agreement on Connecting the two economies and the Green Economy - Digital Economy relationship between Vietnam and Singapore, first of all in the fields of digital transformation, circular economy, innovation, clean energy.
Continuing to expand and transform Vietnam - Singapore Industrial Parks (VSIP) to a new generation is a symbol of successful economic cooperation between the two countries, following a smart, green, sustainable model, combined with the development of industrial park ecosystems - science, technology - trade - urban areas.
Continue to consolidate Singapore's leading investment partner position in Vietnam in conjunction with improving the quality of FDI capital flows, focusing on the fields of high technology, digital economy, circular economy, clean energy, semiconductors, artificial intelligence; helping to develop international and regional financial centers.
For Thai enterprises (a leading trade partner and Vietnam's second largest investor in ASEAN), the Prime Minister proposed promoting the early implementation of bilateral trade turnover to 25 billion USD in a more balanced direction; focusing on implementing the "Three Connections" Strategy, especially connecting supply chains and strategic areas such as transportation, tourism, digital economy, green economy, energy transition.
For Malaysian enterprises (the second largest trading partner and Vietnam's third largest investor in ASEAN), the Prime Minister proposed to soon bring bilateral trade turnover to 18 billion USD in a balanced manner, facilitating import and export and limiting the application of trade barriers. Continue to support training for Vietnamese localities and enterprises on the production process and issuance of Halal certificates; increase imports of these items from Vietnam.
For Indonesia (Vietnam's third largest trading partner in ASEAN), the Prime Minister proposed to reduce trade barriers, including Vietnam's agricultural products and Halal products, striving to soon bring bilateral trade turnover to 20 billion USD. Encourage and facilitate businesses of the two countries to invest in each other's markets in new areas such as digital economy, green economy, and energy transition. The Prime Minister said that VinFast company has committed to investing 1.2 billion USD to develop an electric vehicle ecosystem and electric vehicle batteries in Indonesia.
For Philippine enterprises, the Prime Minister proposed to strive to soon bring two-way trade turnover to 10 billion USD through limiting the application of trade barriers, facilitating the import and export of agricultural and aquatic products, fruits and vegetables, etc. Continue to create a favorable environment for investment, especially in areas with demand and strengths from both sides such as processing technology, infrastructure, automobile supporting industry, renewable energy, high-tech agriculture, etc.
