Prime Minister Pham Minh Chinh speaks at the eighth Edition of the Future Investment Initiative which is taking place in Riyadh, Saudi Arabia from October 29-31. (Photo: VOV)

Lauding the event’s theme “Infinite Horizons: Investing Today, Shaping Tomorrow,” the Vietnamese Prime Minister stressed the need to invest effectively and responsibly with a clear direction for the future of sustainable development of nations and countries and for the happiness and welfare of people. 

He said Vietnam hopes that partners in the international community of businesses and investors live up to the role as pioneers who guide and shape growth in the spirit of 'investing today, shaping tomorrow.'

"We especially count on you to redouble efforts to support, assist, and work with, and drive investment in developing and poor countries, for a better world without poverty, where no one should be left behind," PM Chinh said. 

Vietnam hopes that partners, businesses, and investors from Saudi Arabia, the Middle East and the whole world continue to strengthen investment and business in their undertakings in Vietnam and with Vietnamese partners. 

"We would especially welcome areas where you enjoy the advantage and Vietnam has needs, such as digital transformation, renewable energy, cloud computing, smart cities, and smart infrastructure,” he said, stressing Vietnam’s consistent policies to draw on all resources in and outside the country. 

He added that Vietnam is committed to creating a fair, convenient, and open business environment, continuing to streamline and simplify administrative procedures, and prioritizing emerging sectors. 

PM Chinh affirmed Vietnam’s consistent policy of drawing on all resources to ensure the legitimate and lawful rights and benefits of businesses and investors.

He said: “Vietnam always promotes strategic institutional breakthroughs, creates a favorable legal environment, a transparent and highly competitive investment and business environment regionally and globally. We’ve constantly simplified administrative procedures, prioritized emerging industries and fields, and removed difficulties for investment, business and cooperation. Vietnam is investing in developing a  coordinated, modern infrastructure, especially transport and logistics infrastructure, paying great attention to training human resources, especially high-quality personnel in association with the development of science and technology and innovation to increase labor productivity and improve investment efficiency.”