(VOVworld)- Vietnam is exerting efforts to improve its business climate and welcomes all ASEAN and international enterprises which have chosen the country as a trusted and attractive investment destination.

Prime Minister Nguyen Xuan Phuc: VN welcomes all ASEAN and international enterprises

Prime Minister Nguyen Xuan Phuc made the remarks while addressing the 2016 ASEAN Bloomberg Business Summit in Ha Noi on Thursday. In its third year, the annual conference included the attendance of ASEAN leaders from across the business, and finance sectors and government for the first time. In his speech, Phuc said that as a large market with a population of over 600 million and a dynamic and creative business community, the central role of ASEAN in the region, particularly economic cooperation, trade and investment, has drawn engagement and support from the international business community, including the world’s leading corporations. He said that despite facing tough challenges in a range of areas, including security, economics, food, currency, climate change and the possible return of protectionism, ASEAN still enjoys numerous opportunities for development, which stem from the fourth industrial revolution, the formation of the ASEAN Community and the establishment of large-scale free trade blocs of a high standard. Phuc said: “ASEAN nations need to unite together to facilitate economic connectivity and develop transport infrastructure and elastic connections, aiming to facilitate the cross-border flow of commercial goods, investment and services, and build a united and effective ASEAN market. To ensure development, each ASEAN member country needs to boost innovation, improve competitiveness, further participate in global supply chains and work towards greater added value. The ASEAN business community is a driving force for the regional economic connectivity process contributing startup initiatives and creating a new impulse in trade and investment development.”