(VOVword)- Prime Minister Nguyen Xuan Phuc says that a large free trade area will be open between Vietnam and its 55 partners, including all G7 members and 15 members of the G20 group from now until 2020.

Speaking to more than 1,000 leaders from prestigious banks and investors at the 17^th Asian Banker Summit on Wednesday in Hanoi, Mr. Phuc voiced Vietnam’s support for the conference’s topic: “new breakthroughs”. He added that this reflects long-term vision and concerns necessary to make creative changes towards a dynamic and effective financial community. Prime Minister Nguyen Xuan Phuc said: “The topic to be discussed matches the current economic situation in the region and world, which is full of uncertainties and challenges. For example economic recovery is lower than projected, and Asia’s growth is slowing.  Natural disasters and climate change heavily effect the region. A series of newly-signed free trade agreements and the just-established ASEAN economic community pose a challenge to all countries. So we need change and innovative growth momentum to overcome the challenges and achieve the goal of sustainable development”.

Prime Minister Phuc told investors that Vietnam will go ahead with administrative reforms, improve the business climate and enhance competitiveness. Efforts should be made to attract domestic and foreign investment, uphold democracy and consider businesses momentum for socio-economic development. The government leader pledged to create favorable conditions for investors, considering their successes as ours and to cooperate for a strong, stable and prosperous community.