Minister of Finance Ho Duc Phoc speaks at the investment promotion conference in Tokyo (Photo: VOV)

At an investment promotion conference themed “Vietnam – Investment Destination” in Tokyo on Tuesday, Minister of Finance Ho Duc Phoc said Vietnam will strengthen inspection and examination to ensure transparent and fair investment attraction. 

Regarding Vietnam's policies in developing the financial market and attracting direct and indirect foreign investment, Mr. Phoc said: “We implement consistent policies for all investors, regardless of whether they are private, state, or foreign investors. All businesses are equal in production and business activities in Vietnam. We are always consistent about equality, fairness, and transparency in economic activities."

At the conference, leaders of Vietnam’s General Department of Customs, General Department of Taxation, and State Securities Commission answered questions of Japanese businesses and investors related to customs procedures, tax incentives, and the potential of Vietnam's financial market. Many Japanese businesses showed their interest in new opportunities in the Vietnamese financial market.

Japanese and Vietnamese participants at the conference (Photo: VOV)

Takafumi Oue, head of the representative office of Daiwa Securities in Vietnam, which has been present in Vietnam for 16 years, said the policies, orientations, and potential of Vietnam’s economy, particularly Vietnam’s financial market, will surely attract more Japanese and other foreign investors.

“Vietnam's stock market is developing and growing. The stock market capitalization will be equivalent to 100% of GDP. The highlight of Vietnam's recent policies is the consideration of loosening the rate of foreign ownership and increasing access for foreign investors. Daiwa Company is considering expanding our operation in Vietnam," said Takafumi Oue.