PM affirms sustained efforts to improve investment environment

PM Phuc also underlined the need for ASEAN member nations need to promote renovation and creativeness, improve their competiveness, and engage more in the global supply in order to achieve higher added values.

He said he hopes outside investors will seek win-win cooperation opportunities with ASEAN partners, adding that the Vietnamese Government is working hard to improve investment and business environment, and welcomes all enterprises from ASEAN and other regions to the country.

This is the first event of this kind that brought together ASEAN leaders working in trade and finance, and representatives of government agencies from the regional nations. It focused on measures to overcome challenges and define important opportunities for growth, cooperation and development in the region.

The focus of the summit was also on the assessment of the policies of the ASEAN Economic Community (AEC), regional policies, the next stage of development of Vietnam and ASEAN, trade and cross-border investment in the region. In particular, detailed discussions concentrated on the growth- related issues such as consumer goods, infrastructure development, commodities and energy, banking and finance, communications, and technology.

ASEAN, consisting of Vietnam, Thailand, Singapore, the Philippines, Myanmar, Malaysia, Laos, Indonesia, Cambodia and Brunei, forms a consumption market of 600 million people and a GDP of nearly US$3 trillion a year.