Viet Nam commits to facilitate Australian investment: PM

Sunday, Mar 18, 2018 17:10

Prime Minister Nguyen Xuan Phuc meets with Australia’s leading enterprises in finance, banking, agriculture and construction sectors in Sydney. — VNA/VNS Photo Thong Nhat

The Vietnamese Government pledges to maintain the stable macro environment, continue improving the institutional quality and state government, and boosting the rule of law, for foreign businesses, especially those from Australia, to land investment and expand operation in Viet Nam, said Prime Minister Nguyen Xuan Phuc.

In a meeting with Australia’s leading enterprises in finance, banking, agriculture and construction sectors in Sydney on Saturday during his official visit to Australia, PM Phuc hoped that more Australian investors will be interested in Vietnamese seafood import as Viet Nam holds huge potential in this sector.

Representatives from the Australian groups lauded Viet Nam’s efforts in improving the business climate and investment promotion as well as promoting connections between enterprises from the two countries to bolster bilateral collaboration.

Christina Tonkin, Managing Director, Loans and Specialised Finance for Institutional Banking for ANZ Investment Bank, felt upbeat about the Vietnamese market thanks to the country’s political stability, growing population, large volume of foreign direct investment and an increase in bourgeois people.

Meanwhile, Mark Forber, CEO at the Akvotek seafood export group, noticed that as 80 per cent of the seafood amount in Australia is imported, there are rooms for Viet Nam and Australia to co-operate in the sector.

The same day, Phuc hosted a reception for Rohan Garnett, Executive Manager at Qantas Airways - the national flag carrier of Australia, in which he congratulated Qantas Airway on its success in regional and international markets, including Viet Nam.

He underlined that the establishment of the strategic partnership would serve as a boon to enhance co-operation between the two countries. To that end, he asked Qantas Airways to further collaboration with Vietnamese airlines in improving flight safety and reducing costs.

The Government always supports foreign firms like Qantas Airways so that they can join hands with those from Viet Nam for mutual growth.

Garnett spoke highly of Viet Nam’s socio-economic achievements, stressing that Viet Nam had been an attractive destination to many foreign tourists and investors and the number of passengers using Qantas services to go to Viet Nam has risen for years.

He wished to receive further support from the Vietnamese Government so that the airlines can reap further achievements in the Southeast Asian nation.

During his stay in Australia, PM Phuc had a meeting with former US Ambassador to Viet Nam Pete Peterson, who had made significant contributions to the co-operative ties between Viet Nam and the US. — VNS

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