During a meeting with Minister and Chairman of
the Office of the Government Mai Tiến Dũng in Hà Nội on July 11, the
USABC delegation showed their thirst to invest or expand investment in
Việt Nam in animal feed production and distribution, food processing,
production of veterinary medicine and plant protection products.
The American enterprises also affirmed their pledge to abide by the
laws of Việt Nam, and fully implement social responsibility and
Minister Dũng said the Vietnamese Government is calling for foreign
investment in hi-tech agriculture and encouraging international
enterprises to enhance links with local firms and people in developing
the closed value chains.
While appreciating American investors’ investment in various fields in
Việt Nam, including the agricultural sector, Dũng added that foreign
direct investment (FDI) in agriculture plays an important role in
boosting the production of agricultural commodities and increasing
competitiveness for Vietnamese farm produce.
Việt Nam is actively improving its business environment, fine-tuning
its institutions and promoting administrative reform as well as
enhancing its competitiveness to continue to be an attractive investment
destination for both local and foreign business communities, including
those from the US, he stressed.
Recently, the Vietnamese Government has issued a number of mechanisms
and policies to remove obstacles, aiming to lure more domestic and
foreign investment in agriculture and rural areas, including amending
the Law on Technology Transfer (2017), and issuing Decree 57/2018/NĐ-CP
on mechanisms and policies to attract investment in agricultural and
rural development, Dũng said.
He revealed that the working group of the Prime Minister will inspect
17 ministries regarding the implementation of directions and tasks
assigned by the Government and the Prime Minister related to the
specialised inspection of import and export goods and the simplification
and reduction of business conditions.
The Vietnamese Government is always willing to listen to the opinions of business communities, he stressed.
According to the minister, the Government Office has built a system for
receiving and responding to the recommendations of enterprises at http://doanhnghiep.chinhphu.vn on the Government Information Portal, which enables businesses to submit their proposals directly on the system.
In addition, the Government Office has frequently held meetings with
enterprises and business associations to listen to their feedback and
suggestions related to the implementation of mechanisms, policies and
Michael Michalak, Senior Vice President and Regional Managing Director
of USABC, said Việt Nam is an attractive investment destination and many
US firms have been thriving in the country.
US firms took the occasion to thank the Vietnamese Government and
authorities for creating favourable conditions for them to expand
production and distribution networks in Vietnam.