Finance Minister Ho Duc Phoc chaired the investment promotion conference in the United States.

ANTD.VN - On November 14 (local time), in Los Angeles (USA), Minister of Finance Ho Duc Phoc chaired a conference to meet with investors.

The conference was attended by more than 60 investors including large investment funds, corporations and US enterprises, including a number of investors holding international bonds issued by the Vietnamese Government and enterprises.

Speaking at the opening of the Conference, Minister of Finance Ho Duc Phoc affirmed that the presence of the international investment community, business organizations and international financial institutions present at the Conference today has been and will accompany the Government and the Ministry of Finance of Vietnam on the path of development.

Bộ trưởng Bộ Tài chính Hồ Đức Phớc tại Hội nghị

Minister of Finance Ho Duc Phoc at the Conference

The Minister said that in recent years, despite headwinds in the global economy , Vietnam has emerged as a country with solid and stable economic growth prospects and controlled inflation.

Vietnam's GDP growth for the whole year of 2023 is estimated to reach over 5%, and is expected to grow by about 6-6.5% in 2024. Inflation for the whole year is forecast to increase by 3.5%, below the target of 4.5%.

Macroeconomic balances are becoming more and more sustainable. Export growth through diversification of partners and industries; attracting FDI through favorable policy mechanisms for investors; low public debt, and abundant fiscal space are fundamental advantages for Vietnam to maintain its long-term growth prospects.

Sharing about the implementation of the Socio-Economic Development Strategy, the Minister said that Vietnam continues to focus on implementing three strategic breakthroughs, including perfecting and improving the quality of institutions, comprehensively developing human resources and perfecting synchronous economic infrastructure.

To achieve these goals, Vietnam needs to mobilize both domestic and foreign resources, from foreign direct and indirect investment, developing capital markets, stock markets, developing green economy, circular economy, and promoting digital transformation.

“We will inform investors about positive signals of the macro economy and the Government's management policies, and are ready to exchange, discuss and respond to the concerns of delegates to strengthen and connect US investors with Vietnam, while implementing the Vietnam-US Comprehensive Strategic Partnership in the statement of US President Joe Biden's visit to Vietnam,” the Minister affirmed.

Đông đảo các nhà đầu tư đã tham gia Hội nghị

Many investors attended the Conference.

At the discussion session, many foreign investors expressed their interest in information related to Vietnam's economic prospects, tax incentives for foreign investors in the Vietnamese market and policies to attract foreign investment, especially the work of upgrading Vietnam's stock market from a frontier market to an emerging market.

Answering questions from foreign investors, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said that upgrading the stock market will bring many benefits to the stock market, including attracting indirect foreign capital flows; improving the ability to price stocks, positively impacting the Government's equitization process; increasing the number of large-scale institutional investors, diversifying the investor base; and attracting many new foreign investors.

This has a positive impact on the liquidity of the stock market and the development of the market towards approaching international standards and practices in business operations and corporate governance.

The Chairman of the State Securities Commission emphasized that upgrading the stock market is not only an effort of the state management agency but also a joint effort of market members.

With the determination of the Vietnamese Government in implementing solutions to resolve issues related to market upgrading, the Vietnamese stock market will be an attractive investment and business destination for domestic and foreign enterprises and investors.

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