VBF 2017 to reassess Vietnam’s position in Industry 4.0 world

The VBF policy dialogue between the Vietnamese political and business elite has become an essential tool in creating cohesion between the two sides

The forum consists of three sessions presented by foreign business associations present in Vietnam, including KoCham, AmCham, EuroCham, and the Japan Business Association in Vietnam (JBAV), among others. The theme of the first session is enhancing productivity and factors developing industrial sectors, focusing on the auxiliary industry, technology transfer, and the impacts of Industry 4.0 to foreign invested businesses.

The theme of the second session is strengthening private sector investment to improve the country’s financial situation, focusing on the PPP format and means to develop banking.

The theme of the third session is improving business climate, facilitating private businesses to achieve breakthroughs.

The forum will take place on December 12, 2017 at Lotte Hotel in Hanoi and will be co-chaired by Minister of Planning and Investment Nguyen Chi Dung, IFC senior country manager for Vietnam, Laos, and Cambodia Kyle F. Kelhofer, chairman of the Vietnam Chamber of Commerce and Industry (VCCI) and VBF co-chairman Vu Tien Loc, and VBF co-chairman Hirohide Sagara.

Prime Minister Nguyen Xuan Phuc will attend and talk at the forum.

Earlier, the mid-term VBF took place in June 2017 with the theme "Strengthening the linkages between FDI and domestic businesses in the new global context."

The forum reviewed and proposed solutions to maintain and attract capital from the private sector, the linkages between FDI and domestic businesses, the impacts of recent global policies to the Vietnamese economy, and assessing the enforcement of investment laws in order to improve the efficiency of law enforcement.

VBF, which was established in 1997, is a channel of policy dialogue between senior leaders of the Vietnamese government and the business community, covering almost all economic fields in order to develop a favourable business climate, mobilise private sector investment, and spur sustainable economic development in Vietnam.

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