(MPI) - Implementing cooperation programs between the Ministry of Planning and Investment (MPI) and the Government of Saitama Prefecture, Japan, the 9th conference with Saitama’s enterprises doing business in Northern Vietnam was held virtually on the afternoon of November 4th, 2021.
At the conference. Photo: MPI
At the talk, as stated by Mera Satoshi, Deputy Director of Department of Industry and Labor in Saitama Prefecture, Japan, in the context of the complicated COVID-19 pandemic, the Saitama Desk at the MPI has constantly supported their own prefectural enterprises. It is also anticipated that in the upcoming time, with the active cooperation from the MPI and other related ministries and sectors, Saitama’s enterprises are assured of their smooth operation in Vietnam.
Mera Satoshi wished to receive more support from the Vietnamese Government, the MPI and other ministries, sectors and localities, especially in the context of implementing production and business activities and ensuring the safety of COVID-19 control and prevention.
Nguyen Van Chung, Deputy Director of the Foreign Investment Department, under the MPI, expressed his gratitude towards Saitama authorities for their close coordination to promote investment cooperation of their prefectural enterprises in Vietnam. Vietnam highly appreciates the role of the Saitama Business Association and the prefectural enterprises for effectively doing investment activities in Vietnam in accordance with the provisions of laws. Cooperation between Saitama and the MPI has contributed to the increasing quantity and quality of the prefectural enterprises investing in Vietnam.
As stated by Nguyen Van Chung, socio-economic performance and solutions to cope with COVID-19 in the first nine months of 2021 has achieved positive results generally. Vietnam is moving to the new normal, recovering business activities. Vietnam is still one of the world's economies that maintains a positive growth momentum despite being heavily affected by the COVID-19 outbreak; business and investment activities of FDI investors achieved positive results; both new and expanded investment projects increased. It is showed that Vietnam is still an attractive destination for investors and Vietnam has provided immediate support and long-term solutions to effectively attract FDI in the coming time.
FIA Deputy Director Nguyen Van Chung. Photo: MPI
Currently, among the Saitama Prefecture’s enterprises investing in Vietnam are an adequate number of famed giants specialized in processing, manufacturing, food, healthcare, etc. Vietnam also expects more enterprises from the Prefecture to consider, investigate and implement their investments in the country in the future.
On the update of some actions and solutions of the Vietnamese Government to facilitate and support businesses surpass difficulties caused by the impact of COVID-19, Bui Thu Thuy, Deputy Director of the Enterprise Development Agency, under the MPI said that the Vietnamese Government had issuedResolution No. 105/NQ-CP dated September 09th, 2021 on assistance for enterprises, cooperatives, household businesses amid COVID-19 pandemic and Resolution No. 128/NQ-CP by the Government on provision regulations on “safety, flexibility, and effective control of COVID-19 epidemic”. The objectives of the Resolution No. 105/NQ-CP aims to focus on restoring and developing the production and business activities of enterprises, cooperatives and household businesses in parallel with ensuring safety in the prevention and control of COVID-19; promptly support and resolve difficulties, obstacles and bottlenecks hindering production and business activities, reducing the number of enterprises, cooperatives, and household businesses that have temporarily suspended their operations, or entered into dissolution or bankruptcy caused by the impact of the pandemic.
The Vietnamese Government has proposed groups of tasks and solutions based on the guidelines, objectives and practical situation such as drastic and effective implementation of specific measures to prevent and control COVID-19 pandemic, creating favorable conditions for enterprises, cooperatives and household businesses to recover, maintain and develop production and business activities in parallel with ensuring safety in the pandemic prevention and control; Ensuring stable production, commodity circulation and overcoming supply chain disruptions; Supporting the cost reduction and removing financial difficulties and cash flows for businesses, cooperatives and household businesses; Creating favorable conditions for workers and experts.
At the conference, Vietnamese ministries and sectors have clarified a number of issues concerned by some enterprises regarding insurance, labor, and salary policy; tax incentives; 3-on-site production costs; COVIDtesting costs; import of used machinery and equipment; regulations related to customs procedures; permits for trading companies to open offices and agencies in trade and export processing zones; overtime rates for employees; human resources database; procedures for renewal of immigration cards, etc.
The conference is an effective onsite investment promotion activity to answer enterprises’ inquiries for a smooth operation in Vietnam. Vietnamese agencies have provided new policies, solutions to remove immediate difficulties, as well as long-term contents on business investment. The conference also received constructive comments and suggestions from Saitama Prefecture’s enterprises.
At the conclusion, Deputy Director Nguyen Van Chung emphasized that in the context of the complicated on-going COVID-19, the Vietnamese Government always sought to support and accompany businesses to overcome difficulties. The nation also wishes to receive cooperation and comments from Japanese businesses in general and prefectural ones in particular, as well as from relevant agencies and representative offices of Japan in Vietnam.
Aside from short-term policies, Vietnam is focusing on researching long-term solutions on economic recovery, in which taking advantages of opportunities to transit to the “new normal”; carrying out economic restructuring; stabilizing macroeconomics to realize the socio-economic development strategy; and planning human resources structure and arrangement. Vietnam therefore expects the constant partnership of enterprises in the implementation of the strategic goals set forth./.
Ministry of Planning and Investment