Vietnam attractive destination for investment, tourism


Vietnam is a safe and attractive destination for all foreign investors and international tourists, stated President Truong Tan Sang at the Vietnam Economy-Tourism Co-operation Forum held in Prague on May 11.
The event, which was organised by the Chambers of Commerce and Industry from Vietnam, the Czech Republic and Slovakia, was also attended by Czech President Milos Zeman.
Addressing an audience of 500 companies from Vietnam, the Czech Republic, Slovakia, Poland and Hungary, President Sang said a number of bilateral and multilateral trade agreements, including the European Union-Vietnam Free Trade Agreement (EVFTA), are expected to be signed between Vietnam and other nations in the near future, which will lay the foundation for promoting trade-investment-tourism activities between Vietnam and other countries in the region and the world.
With a population of 90 million and a significant share of the 500-million-populace Southeast Asian market, Vietnam offers investors many incentive policies, he confirmed.
President Sang also stated that he believes the tens of thousands of Vietnamese who used to study in the Czech Republic and Slovakia will serve as a bridge for friendship, trade and investment co-operation among the three countries.
Czech President Milos Zeman said strengthening the traditional relationship between the two countries is the foundation for boosting co-operation in economics, trade, investment and tourism.
He also highlighted the successful integration of the Vietnamese community into Czech society where they are recognised as the 14th ethnic minority.
Minister of Culture, Sports and Tourism Hoang Tuan Anh recommended measures to increase the number of tourists and promote tourism investment and business between Vietnam and the Czech Republic, including boosting tourism at all levels, improving visa policies, and increasing coordination in market research and development of tourism products.
Deputy Minister of Industry and Trade of the Czech Republic Jiri Havlicek said the economic relationship between Vietnam and the Czech Republic has developed strongly over the past with the trade volume surpassing the US$500 million mark in 2013.
As of the end of 2014, the Czech Republic had 36 investment projects in Vietnam with a combined investment capital of US$64 million focusing on garments and textiles, food processing, mechanical manufacturing, building materials and mining, according to the Deputy Minister.
Havlicek also highlighted co-operation prospects between the two countries in a number of sectors such as energy, infrastructure, transport vehicles, defence industry and health equipment.
On the occasion, the Vietnamese and Czech Presidents witnessed the signing of documents on co-operation between the Vietnam Chamber of Commerce and Industry and two Czech partners as well as between the Bank for Investment and Development of Vietnam (BIDV) and the bank Eximbanka of Slovakia and CEB of the Czech Republic.
In 2012, the Czech Republic announced its export strategy reaching to 2020, placing Vietnam—the only country in Southeast Asia—among its 12 priority markets.

The Eastern European country has continually provided official development assistance to Vietnam, totalling US$18 million thus far.
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All comments [ 13 ]

Huy Quốc 12/5/15 20:40

Viet Nam is a highly attractive investment and tourism destination,

Vân Nhàn 12/5/15 20:41

Tourism export turnover will contribute to national balance of payment, foreign exchange reserves, national liquidity and financial security, contributing to stabilize foreign exchange rate and to strengthen public trust in the national currency.

Lê Tín 12/5/15 20:43

To attract more tourists to Viet Nam, relevant authorities and travel businesses should enhance to promote Viet Nam’s destination; to preserve cultural and historical relics, beautiful landscapes and world heritage sites; to limit the fraud and overcharging against tourists…

Quốc Kiên 12/5/15 20:51

Hundreds of large-scale FDI projects in Vietnam put into operation every year have shown the country's advantages and potential as lucrative investment destination

Phạm Hiếu 12/5/15 20:52

Investment fields of foreigners' interest are the processing industry, power and water supply, air conditioner production and real estate.

Huy Lâm 12/5/15 20:53

A sharp increase in foreign investment has recently accelerated the development in other fields in localities.

Quốc Cường 12/5/15 20:54

In the context of capital shortages, foreign investment is a priority trend to restructure the economy and deal with bad debts and large inventories aiming to establish long-term cooperation between banks and businesses.

Hùng Quân 12/5/15 20:55

Vietnam is selecting hi-tech projects with high added value to reduce environmental pollution which has hindered the country from attracting foreign investment.

Hoàng Lân 12/5/15 20:59

At present, the Vietnamese Government has re-built projects with the crucial role of the foreign-invested sector, which will bring changes in economic restructuring, develop enterprises with high environmentally friendly technologies and create competitive products in both international and Vietnamese markets.

Quân Hoàng 12/5/15 21:00

Foreign investment attraction will help restructure the Vietnamese economy and offer a more competitive environment for Vietnamese businesses.

Funny Day 12/5/15 23:36

Vietnam's political stablity has been praised by many foreigners, that's also a reason why more foreign investors and tourists have come to Vietnam

Phu Chem 12/5/15 23:45

right, it can be said that in an uncertain world today, the political stability is the most important issue which everyone cares about

Trần Bướng 12/5/15 23:51

Vietnam is one of countries that have many scenics recognized as World Heritage by UNESCO

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