Speaking at the Vietnam -Turkey Business Forum was held on November 30, Prime Minister Pham Minh Chinh congratulated the outstanding development of Türkiye, becoming one of the 20 largest economies in the world.

Information to the forum on the situation of Vietnam, the Prime Minister said that Vietnam is focusing on implementing three strategic breakthroughs, including: breakthrough in building and improving institutions; breakthrough in infrastructure development, including transport infrastructure;

In particular, in terms of institutions, it will focus on improving the business investment environment, decentralization, decentralization, administrative procedure reform, solving difficulties and obstacles for businesses.

"These are the fundamental elements for foreign investors to come to Vietnam to do stable and effective business.", The Prime Minister pointed out.

Borrow money USD 1.JPG
Vietnam is ready to attract foreign investment (Artwork: Hoang Ha)

The Prime Minister also said that Vietnam focuses and wants to cooperate in the fields of digital economy, green conversion, circulating economy, knowledge economy, shared economy;

Accordingly, Vietnam creates all the conditions for large, high -tech corporations with management experience, including Turkish enterprises, investing and doing business in Vietnam.

In addition, Vietnam also prioritizes large investors, high -tech, participating in restructuring the economy, supporting Vietnamese businesses to improve the localization rate to participate in the global supply chain.

The Prime Minister said that the location of Vietnam and Turkey is still very large, but the cooperation mechanism is still limited.

The Prime Minister affirmed that Vietnam continues to improve the business investment environment for businesses, including Turkish enterprises, investment and business effectively in Vietnam.

The Prime Minister believes that in the coming time, economic cooperation between Vietnam and Türkiye will be raised to a new and higher efficiency, including the positive and active contribution of the business community of the two countries.

Meanwhile, Mr. Mehmet Faith Kacir, Minister of Industry and Technology Turkey, shared: “We are ready to promote this cooperation with Vietnam and participate in the process of technology transfer, construction of industrial parks in Vietnam, closely cooperating with Vietnamese enterprises operating in the industry.

In the past time, trade and investment cooperation between Vietnam and Turkey developed well. Many large enterprises of Turkey have participated in Vietnam's infrastructure projects.