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Deputy Prime Minister Nguyen Sinh Hung delivered the message while receiving a delegation of Danish entrepreneurs in Hanoi on May 20.
He pointed out Vietnam’s advantages such as stable growth, particularly in the context of a global economic slowdown and high inflation, as well as its large 80-million population and an abundant workforce.
The Deputy PM welcomed his guests’ plans to invest in the nation’s potential and priority areas, including seaports, ship-building, transport, IT and tourism.
“The Government of Vietnam will do its utmost to create favourable conditions for foreign investors by bettering the legal system in accordance with international laws”, the deputy PM said.
Danish investors, who are eyeing Vietnam for potential investment, offered suggestions to the Vietnamese government in dealing with obstacles related to administrative procedures, infrastructure and labour.
Danish Ambassador Peter Lysholt Hansen said his country’s investment in Vietnam has been strongly increasing in parallel with Danish investors’ confidence in the country’s economic prospects.
Many Danish projects on sea ports, transport services and the shipbuilding industry have been carried out in various localities of Vietnam, including Hanoi, Ho Chi Minh City, Hai Phong, Hai Duong, Danang, and Thua Thien-Hue. In particular, 15 Vietnamese-Danish joint ventures in information technology have been established and many other are waiting for approval.