Vietnam always creates favorable conditions for investors

Vietnamese Prime Minister Nguyen Xuan Phuc praised long term and large- scale investment projects from the Techtronic Industries Vietnam Group (TTI) at the meeting with with Mr. Horst Julius Pudwill, the president of TTI yesterday.

Vietnamese Prime Minister Nguyen Xuan Phuc and Mr. Horst Julius Pudwill, the president of TTI (Photo:VNA)

Vietnamese Prime Minister Nguyen Xuan Phuc and Mr. Horst Julius Pudwill, the president of TTI (Photo:VNA)

As this reason, the Vietnamese Government pledged to create favorable business conditions for potential investors including TTI.

Besides that, PM Phuc informed that Vietnam has been a member of the World Trade Organization (WTO) and recently participated in new free trade agreements (FTA), especially Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and European Union- Vietnam Free Trade Agreement (EVFTA).

With the advantages of strategic position, human resources and stable investment environment, the country has all factors in order to lure TTI’s investment projects, promote its production strategy and development process of R& D center, aiming to export products to international markets.

The Prime Minister also asked the group to expand investment scale in Hanoi, Da Nang and Ho Chi Minh City.

Vietnam has the right to choose investment, not accepting low-quality investment projects. Thus, the Vietnamese Government welcomes high-tech investment projects such as TTI and is going to give priority support for the group, the PM added.

BY LAM NGUYEN- Translated by Huyen Huong

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