Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives.

Experts have called for continued efforts to improve the traffic infrastructure and implementation of reforms needed to make the southeastern region a leading economic engine of the country.

Under the 2020 Investment Law, investors are defined as organizations or individuals carrying out business investment activities, including domestic investors, foreign investors and foreign-invested economic organizations. Foreign investors are subsequently defined as foreign nationals or organizations established under foreign laws that carry out business investment activities in Vietnam; and domestic investors as Vietnamese nationals or economic organizations without any members or shareholders being foreign investors.

Prime Minister Pham Minh Chinh has requested basic and comprehensive reform in digital transformation to improve labor productivity and competitiveness of enterprises and the nation, contributing to building an independent, self-reliant economy that integrates into the world extensively and effectively.

A survey conducted by the association showed 63 percent of Japanese enterprises said they would continue investing in operation expansion in the next 1-2 years, reflecting that investors have great expectations for Vietnam's economic growth.

The removal of difficulties and obstacles, especially legal blockades, in production and business activities is necessary for businesses to operate efficiently and raise their competitiveness, Deputy Prime Minister Pham Binh Minh has said.

Vietnam always attaches importance to comprehensive cooperation and partnership with Luxembourg, a founding and important member of the European Union, said Prime Minister Pham Minh Chinh during talks with his Luxembourg counterpart Xavier Bettel on December 9 (local time).

Digital transformation is now an inevitable requirement for enterprises to minimize negative impacts and implement sustainable business development in the digital era.

Digital transformation has been seen as an urgent need to help link small and medium-sized enterprises (SMEs) with global trends.

Vietnamese Minister of Foreign Affairs Bui Thanh Son on November 17 stressed the need to enhance cooperation among member economies of the Asia-Pacific Economic Cooperation (APEC), especially in the context of the global economy facing various risks and challenges.