(VOVworld) – Prime Minister Nguyen Tan Dung attended the Vietnam Global Investment Forum in Hanoi on Wednesday.

He hailed the attendance by leading businesses and investors in the region and the world and reviewed Vietnam’s major renewal achievements, particularly during the last 5 years. Vietnam’s GDP growth this year is expected to be 6.5%, the highest since 2011.

Total registered foreign investment in Vietnam has reached 270 billion USD involving more than 19,000 projects by investors from 105 countries and territories. Vietnam is targetting rapid, sustainable growth with an average GDP growth rate of 6.5-7% over the next 5 years. Prime Minister Dung said: “Vietnam is fine-tuning its market economy institutions, improving the legal framework, simplifying administrative procedures, improving the quality of the labor force, and developing infrastructure. We are striving to meet targets concerning the business environment for taxes, customs, social insurance, construction, land, and electricity. The upcoming signing and implementation of new generation free trade agreements such as the Trans-Pacific Partnership Agreement, and the EU-Vietnam FTA will make the business and investment environment in Vietnam more competitive in the region.”

Prime Minister Dung said the Vietnamese government was reforming public investment to make it easier for domestic and foreign investors to get involved in infrastructure development. Vietnam is also stepping up the restructuring of state-owned corporations and groups and encouraging foreign partners to join in the equitization, mergers, and acquisition of state-owned enterprises.