Vietnam Business Forum opens in HN

The Annual Viet Nam Business Forum 2016 (VBF), Ha Noi, December 5, 2016 - Photo: VGP/Quang Hieu

Addressing the VBF, PM Nguyen Xuan Phuc called on FDI enterprises to arrive in Viet Nam with modern technologies and administration together with business ethics and culture.

He welcomed the theme and constructive reports from the International Finance Corporation (IFC), the WB, speakers.

This year, the VBF consists of seven agenda (1) empowering SMEs competence; (2) promoting subsidiary industries; (3) raising human resource and training demand; (4) developing capital market; (5) improving infrastructure and PPP, BOT, BO, BT mechanisms; (6) clean and renewable energy; and (7) climate change and environmental protection. These topics are extremely essential and appropriate with Viet Nam’s economic development strategies.

PM Phuc announced that the socio-economic development strategy and the 12th Party Congress advocate favorable ways for Vietnamese enterprises, especially private ones to raise competitiveness and self-reliance in the economy.

No longer trade economic interests for environment

PM Phuc committed to continuing perfecting the market economic mechanisms, the legal system, the administrative reform in favor of better investment environment, national competitiveness, and private business boom.

The Government leader urged the Vietnamese business community to proactively participate into the economic restructuring process by diversifying investment activities especially PPP modal; encouraging business start-up campaign and creativity; raising competitiveness and product and service quality.

The Government chief also called on win-win cooperation between the domestic and FDI sectors in the national economy.

He recommended FDI enterprises to accelerate transferring modern technology, human training, administrative experience; raise the sense of social responsibility; shake hands with Vietnamese people to protect natural resources and sustainable environment.

Viet Nam no longer welcomes investors who consider the country as a safe haven for transfer pricing and eluding environmental responsibility.

Founded in 1997, VBF is a policy dialogue which targets to build a favorable business environment, attract private investment and promote sustainable development in Viet Nam.

This year, the event drew the attendance of around 600 delegates from development partners, SMEs, and VBF working groups.