In response to a reporter’s question about Viet Nam’s reaction to the E.U.’s decision, Hang said the move shows the recognition of Viet Nam’s recent efforts to improve its legal framework and policies and enhance enforcement in practice to create a favorable, transparent and stable business and investment environment in line with international standards and practices.

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Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang

These efforts aim to safeguard the legitimate rights and interests of businesses and investors, promote international economic cooperation and strengthen the competitiveness of the Vietnamese economy, she added.

Hang affirmed that Viet Nam stands ready to continue constructive, equal and mutually beneficial exchanges and cooperation with international partners, including the EU, to promote tax transparency, improve corporate governance and build a fair, favorable and sustainable international business environment.

Source: VNA