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 on the difficulties of businesses in the process of restoring and stabilizing production and business activities.
The foreign business community expressed their sympathy for the efforts of the Vietnamese Government as well as local authorities in quickly stabilizing the situation, helping businesses overcome the consequences and maintain production. This demonstrates the trust of businesses 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, General Director of the Taiwan Chamber of Commerce in Vietnam, Chairman 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 ways of handling it. 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 faster and have hotlines or contact points to receive information and provide clear instructions to investors in similar situations.
Mr. Phua Koon Kee, Vice President of the Singapore Business Association in Ho Chi Minh City, said: “The general expectation of investors is that the response of the authorities needs to be quicker. The problem of property damage is short-term, the Government needs to continue with more positive moves to restore investor confidence.”
Investors also need a government agency to act as a focal point for easy communication, and administrative procedures also need to be simplified. Regarding the settlement of salaries for workers on days the company stops production, in addition to the recently issued policies, 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, promote 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
