PM calls for more Australian investment

Published: 14/10/2008 05:00

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Update from: http://www.thanhniennews.com/politics/?catid=1&newsid=42889

Prime Minister Nguyen Tan Dung Tuesday called for more investment from Australia and pledged to further administrative reforms to create a more transparent and convenient environment for foreign investors.

“The Vietnamese government will continue perfecting policies to ensure that the market economy operates in accordance with international practices and will focus investment on infrastructure and human resources to ensure sustainable development,” he told a business forum in Melbourne.

After the forum, Dung witnessed the signing of a cooperation agreement between the Chambers of Commerce and Industry of Vietnam and Victoria State; as well as a memorandum of understanding between Tien Giang Province and the Transport Work Construction Corporation 5 of Vietnam, and the Country State Development Pty Ltd. of Australia on the construction of a US$1billion urban area and a $120 million bridge.

The same day, Dung met with representatives from leading Australian economic groups and universities, including Alcoa, ANZ Bank, BHP Billington, Deakin and RMIT.

They told him that they wanted to make long-term investments in Vietnam, with focus on a number of areas that are Australia’s strong points, such as services, banking, education, cooking processing and steel production industries.

Before wrapping up his two-day official visit to Australia, Dung was received by Victoria State Governor David de Kretser and Premier John Brumby.

He suggested that Victoria State consider cooperation with Vietnam in financial-telecom services, agriculture, dairy cow husbandry, food processing, oil and gas exploitation, energy and human resources development.

The PM also asked the Australian officials to facilitate the academic pursuits of Vietnamese students. He said around 10,000 Vietnamese students are studying in Australia, and that Victoria State was a leading choice for them.

Source: VNA

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