MANILA, June 1 -- President Ferdinand R. Marcos Jr. on Monday pitched the Philippines as a prime destination for investments and strategic partnerships as he encouraged Vietnamese businesses to expand their footprint in the country amid deepening economic ties between Manila and Hanoi.

Speaking at the Vietnam-Philippines Business Forum in Manila, Marcos said the Philippines is "open to partnerships, ready for investments, and eager to work" with Vietnamese businesses in creating new growth opportunities as both countries mark 50 years of diplomatic relations and elevate their ties to an Enhanced Strategic Partnership.

"Our message to the region is clear. The Philippines is positioning itself as a premier destination for smart, sustaina...