Prime Minister emphasizes transparent, implementable institutional framework

Resumen detallado

The Government will develop financial instruments and facilities, including financial centers in Ho Chi Minh City and Da Nang, to attract medium and long-ter...

Regarding the mobilization of capital and growth resources for the entire period and current term, issues frankly raised by National Assembly deputies, Prime Minister Le Minh Hung asserted that for foreign direct investment (FDI), foreign indirect investment, and private investor resources, the first and most crucial step is to perfect the institutional framework.

Creating a transparent, clear, and implementable institutional framework

According to the Prime Minister, it is essential to build a transparent legal framework consistent with international practices and standards, fostering trust among the public, businesses, and foreign investors in the legal environment. This includes legal provisions to protect the legitimate rights and interests of investors. The institutional framework must be perfected to be public, transparent, and easy to implement, thereby consolidating trust.

Secondly, it is imperative to consistently maintain a stable macroeconomic foundation and ensure major balances. Investors will never feel secure if the legal environment is not transparent, clear, or easy to implement; trust will also erode if macroeconomic balances are not maintained. Without these, it will be impossible to mobilize capital from investors.

Thirdly, there are specific tasks for different investor groups, such as foreign direct and indirect investors, especially investment funds and medium-to-long-term capital sources. A plan and strategy for stock market development are already in place.

Prime Minister Hung affirmed the commitment to creating a public, transparent, and easily implementable institutional framework. The Government will notably direct the development of tools to attract medium and long-term investment capital, providing financial facilities and instruments for investors, including the development of financial centers in Ho Chi Minh City and Da Nang.

According to the head of the Government, with a stable macroeconomic environment, clear development objectives, and…

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