Prime Minister Nguyen Xuan Phuc receives a delegation from the Trade Development Council of Hong Kong, led by its Chairman Luo Kangrui, in Ha Noi on Wednesday. — VNA/VNS Photo

Viet Nam is committed to creating favourable conditions for foreign businesses in the country, including those from Hong Kong, affirmed Prime Minister Nguyen Xuan Phuc.

Businesses were welcomed in the fields of infrastructure that required huge capital, including railway, road, air and waterway infrastructure, PM Phuc said while receiving a delegation from the Trade Development Council of Hong Kong, led by its Chairman Luo Kangrui, in Ha Noi yesterday.

Developing infrastructure remains a key challenge for Viet Nam, he said, adding that the country needs smart infrastructure for socio-economic development.

The Government leader welcomed the delegation to visit Viet Nam to work with ministries, localities, partners and businesses in Viet Nam to seek investment opportunities.

Viet Nam is reforming the investment and business environment and integrating into the global economy, Phuc said.

In 2016, Viet Nam rose nine positions in the business and investment environment ranking, according to the World Bank’s report, he said.

Viet Nam has attracted 23,000 foreign direct investment projects with total capital of more than US$300 billion, he added.

For his part, Chairman Luo Kangrui said the delegation’s visit was aimed at seeking investment opportunities in Viet Nam, particularly in infrastructure.

The delegation had working sessions with relevant ministries and agencies of Viet Nam and received important co-operation offers such as the north-south railway project.

He added that Hong Kong businesses wanted to take part in the Vietnamese market, which was chock full of potential. — VNS