Vice Chairman of the municipal People’s Committee Ho Ky Minh, who is accompanying the Deputy PM, told the Vietnam News Agency (VNA)'s resident correspondents in London that the city received comprehensive recommendations on core principles for building a successful financial centre. The city has also focused on learning investment incentive policies that create an equal competitive environment for both domestic and international businesses.

Vietnam has always proactively applied and responded to trade defence measures (TMFs) in international trade to prevent negative impacts of massive imports, unfair competition and protect domestic manufacturing industries.

The application of trade remedies that match international commitments have helped protect domestic production from unfair competition, according to the Ministry of Industry and Trade (MoIT).

A critical solution to promote businesses’ competitiveness is to improve labour productivity which is still a weakness of Vietnamese enterprises, an official of the Ministry of Finance said.

The Mekong Delta city of Can Tho is exerting every effort to increase the competitiveness of local businesses in the regional integration, especially with the formation of the ASEAN Community.