Vietnam attractive destination for investment, tourism
12/5/15
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.
All comments [ 13 ]
Viet Nam is a highly attractive investment and tourism destination,
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.
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…
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
Investment fields of foreigners' interest are the processing industry, power and water supply, air conditioner production and real estate.
A sharp increase in foreign investment has recently accelerated the development in other fields in localities.
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.
Vietnam is selecting hi-tech projects with high added value to reduce environmental pollution which has hindered the country from attracting foreign investment.
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.
Foreign investment attraction will help restructure the Vietnamese economy and offer a more competitive environment for Vietnamese businesses.
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
right, it can be said that in an uncertain world today, the political stability is the most important issue which everyone cares about
Vietnam is one of countries that have many scenics recognized as World Heritage by UNESCO
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