PM urges promotion of trade and investment with strategic partners

Wednesday, 2018-02-14 03:33:26
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Improving business environment and competitiveness are important for economic development.
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NDO – The Prime Minister has signed Decision No. 213/QĐ-TTg, approving the project on "Strengthening bilateral trade and investment cooperation between Vietnam and other important strategic partners."

The project targets the promotion of cooperation with countries that Vietnam has set up strategic and important partnerships with, thus contributing to the growth and diversification of export markets and helping improve competitive capacity and awareness of Vietnamese enterprises on integration.

It also aims to strengthen coordination among ministries, departments, branches and associations in Vietnam and abroad, through implementation of trade promotion and investment activities to promote the improvement of the business environment in Vietnam. The aim is to improve the quality of products and the mode of production using efficient technologies while strengthening the connection between foreign invested enterprises and domestic ones.

The Vietnam Chamber of Commerce and Industry and other enterprises and business associations, in coordination with other government agencies, are responsible for implementing trade promotion activities under the project.

The project’s activities will focus on in-depth research on the necessity of various constraints faced by enterprises, assessment of market potential and promoting exports and investment in specific sectors and fields. The project will also focus on strengthening the public-private mechanism in order to enhance national competitiveness through the enhancement of dialogue and exchange between government agencies with enterprises.

The project will support small and medium enterprises (SMEs) in accessing advanced technologies and facilitate their access to the markets of Vietnam’s strategic partners, while building mechanisms for cooperation between large corporations and SMEs and assisting Vietnamese enterprises to take advantage of the signed agreements and commitments between Vietnam and its strategic partners.