VAFIE to continue proposing solutions to remove obstacles for businesses

The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) will continue to propose solutions to remove difficulties for enterprises and help them recover production and business activities from now until the year-end, stated the association on Friday.

VAFIE will make active contributions to improve mechanisms, policies and laws, the association said at a conference to review its performance since the beginning of the year and set out tasks for the rest of 2023.

The association will improve the quality and efficiency of communications and press work, while maintaining contact with partners in trade-investment promotions.

It will contribute to formulate socio-economic development policies and mechanisms in general and those for FDI attraction in particular, especially sub-law documents.

Regarding the support and development of its members, VAFIE will continue to support Vit Ha Long Company Limited in the northern province of Quang Ninh and Hong Lam-Vung Tau Joint Stock Company in the southern province of Ba Ria-Vung Tau to solve problems regarding project implementation. It is also willing to remove difficulties for other members upon request.

In addition, the association will focus on developing associations and clubs through business support and investment promotion activities.

VAFIE will continue to work with its affiliated units to implement three long-term activities to open up opportunities for all units and businesses to join in.

Firstly, the association will consider the Vietnam-Northern Australia investment cooperation a breakthrough in the strategy of strengthening economic cooperation between the two countries signed by their prime ministers.

Secondly, it will focus on developing infrastructure in the northern mountainous region and boosting the potential for tourism development through investment and trade promotion events. It will support Vabis Group’s implementation of a 400-hectare tourism area and golf course project at a total cost of VND5 trillion ($210.4 million) in Trung Thanh district, the northern mountainous province of Ha Giang, and a project to plant red Ganoderma under the canopy of an acacia forest by Japan’s VOS Ecosystem Holdings.

Thirdly, the association plans to join the Committee for Ethnic Minority Affairs to collect project information from Phu Tho and Yen Bai to invite capable businesses to come to explore investment opportunities in the northern provinces.

Ha Ba Tuan, VAFIE general secretary, reported that since the outset of 2023, the association has regularly gathered information from state agencies and petitions from its members and businesses as a basis to propose solutions to remove difficulties to the government and relevant ministries and agencies.

Many major issues have been put forward for discussion by state management agencies, economic experts and businesses through seminars organized by its magazine Nhadautu.vn/Theinvestor.vn, he said.

It has compiled and published an annual report on FDI in Vietnam, with the 2022 version titled “Green Growth and Digital Economy” released on March 10, 2023, he added.

Regarding trade and investment promotion, Tuan said after working with the Indian and Azerbaijan ambassadors, the VAFIE chairman had assigned its unit Invest Global to set up cooperation with the two countries’ agencies, organizations and businesses.

The center has worked with Apollo Hospitals Enterprise Limited of India to build partnerships with a hospital in the northern province of Thai Binh and Hanoi-based Phuong Dong General Hospital.

While meeting with an Indian agri-food business, Invest Global helped Vietnam’s IDI Group to sign an MoU with Indian buffalo, sheep and goat meat exporter AI Aslan.