Foreign enterprises trust Vietnam's investment environment
Many opinions suggest that it is necessary to stipulate a specific time for insurance companies to compensate businesses.
On the morning of May 30, in Ho Chi Minh City, the Vietnam Chamber of Commerce and Industry held a meeting with representatives of the foreign business community in the Southern region to exchange information and update businesses on difficulties in the process of restoring and stabilizing production and business activities.
The foreign business community expressed their agreement with the efforts of the Vietnamese Government as well as local authorities in quickly stabilizing the situation, helping businesses overcome the consequences, and maintaining production. This demonstrates the businesses' trust in the Vietnamese Government in maintaining security and order, safety of life and property of investors, and they affirmed that they will continue to invest and do business in Vietnam. The Prime Minister has proposed synchronous and drastic solutions, investors hope that provinces and cities will implement them soon.
Ms. Liu Mei Teh, President of the Taiwan Chamber of Commerce in Vietnam, Chairwoman of the Board of Directors and General Director of Vung Tau Paradise Joint Venture Company, said: “Regarding salaries, I recommend that the State resolve the issue depending on the level of damage. Because the situation of each enterprise is different, there must be different handling directions. Regarding the issue of damage assessment for compensation, I hope the State will urge insurance companies to do it quickly because it will affect the progress of investment in re-production.”
Enterprises also suggested that documents related to business support should be translated into English and Chinese for quick dissemination. Support activities for businesses that have been, are being and will be implemented should also be notified in writing to businesses, with specific instructions and action plans, linked to implementation timelines. Regarding security, government agencies should respond more quickly and have hotlines or contact points to receive information and provide clear instructions to investors in similar situations.
“The general expectation among investors is that the response from the authorities should be quicker. The property damage is short-term, and the Government needs to continue to take more positive steps to restore investor confidence,” said Phua Koon Kee, vice president of the Singapore Business Association in Ho Chi Minh City.
Investors also need a government agency to act as a focal point for easy contact, and administrative procedures also need to be simplified. Regarding the settlement of salaries for workers on days when the company stops production, in addition to the policies just issued, businesses want more resources to share and more support from Vietnam. In Dong Nai, some businesses have organized overtime to compensate for unpaid days off, demonstrating the cooperation of the government, business owners and workers.
Ms. Phan Thi My Thanh, Vice Chairwoman of Dong Nai Provincial People's Committee said: "The government's viewpoint is to accompany businesses, uphold the sense of responsibility "say what you do" to quickly affirm trust in the investment environment in Dong Nai. When an incident occurs, the Government is very active, the government also makes great efforts. Besides, it is very necessary to have practical cooperation in propaganda to businesses in the association so that we can join hands to rebuild jobs and trust of foreign investors."
Mr. Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry, affirmed that VCCI will coordinate with the Trade Union as well as government agencies to promote, inform and guide workers, this is an activity that needs to be promoted in the coming time. Investors can be completely assured of political security stability in Vietnam and continue to invest in the coming time./.
According to vov
