Vietnamese and Dominican business representatives. (Photo: Nhat Bac)
Prime Minister Pham Minh Chinh shared his enthusiasm upon hearing about the collaboration opportunities:
“Hearing about the Dominican Republic’s potential, I find it incredibly convincing and feasible. If I were a businessperson, I would head to the Dominican Republic immediately to invest,” he said.
After 20 years of diplomatic relations, the Prime Minister noted that mutual understanding and appreciation between the two nations have deepened, paving the way for stronger cooperation.
Vietnam is advancing three strategic breakthroughs in institutional reforms, infrastructure, and human resources, Chinh added. Institutional reforms aim to reduce costs, simplify investment procedures, and create a favorable environment for businesses. Infrastructure development focuses on improving logistics, lowering transportation costs, and enhancing competitiveness.
During his discussions with Dominican leaders, the two sides agreed to elevate bilateral relations. Legal frameworks, including free trade agreements, investment protection agreements, and visa exemptions, were key topics to facilitate cooperation and protect investor rights.
Priority areas for collaboration include clean energy, digital transformation, telecommunications, semiconductors, agriculture, fertilizer and chemical production, rice exports, and tourism.
The Prime Minister also emphasized opportunities in construction, where Vietnamese state-owned and private corporations could invest in the Dominican Republic.
“I urge immediate implementation of specific collaborative projects following this visit. Businesses should connect and take action promptly,” he said.
To facilitate these efforts, the Vietnamese government will consider establishing a task force to promote bilateral cooperation, ensuring legal and legitimate rights for both sides’ investors.
Prime Minister Chinh concluded by stressing that the call for collaboration benefits not just businesses but reflects a heartfelt commitment and responsibility to the 60-year relationship built by previous leaders.
“Time, intellect, and decisive action are critical for successful partnerships. Businesses from both countries should connect, support one another, and create mutual benefits. Together, we can build prosperous nations and ensure a happy, fulfilling life for our people,” the Prime Minister said.
Thu Hang
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Publish date : 2024-11-21 13:10:00
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