Vietnam Business Summit 2019 highlights digital age

VCCI chairman Vu Tien Loc giving the opening remarks at Vietnam Business Summit 2019

The third event of its kind, held by the Vietnam Chamber of Commerce and Industry (VCCI) which represents the local business community under the assignment of the prime minister, Vietnam Business Summit is one of the biggest and most important international conferences on Vietnamese business. Adding to the stature of the summit, it is held in conjunction with the upcoming 10^th Asia Business Summit (ABS).

Under the theme “Vietnam: We mean business – Partnership in digital era”, VBS 2019 focuses discussions on issues related to science and technology innovation, human resources transformation in the digital age, and business opportunities for Vietnam.

The speakers provide deep insights into the ongoing digitalisation trends on the global scale, technology implications on emerging markets like Vietnam, as well as business opportunities and newly emerging business models.

VBS 2019 engages top decision-makers from the Vietnamese government and the business community in a two-way dialogue about investment, business opportunities, and ways to win in the digital era.

The event also provides a platform for business executives to share their success stories in Vietnam, and help local firms directly approach and discuss co-operation opportunities with 200 prestigious businesses attending VBS 2019, as well as the delegates of the upcoming ABS in Hanoi and members of the Japan business group coming to Vietnam in search for investment and business opportunities.

In his opening remarks, VCCI chairman Vu Tien Loc hailed Vietnam’s recent achievements in improving its business environment and economic development.

Accordingly, the country has made a breakthrough in the Global Competitiveness Report 2019 by the World Economic Forum by gaining 3.5 points more and moving up 10 ranks.

“Sustainable development and Industry 4.0 will be the wings for the country to rise to new heights,” Loc said.

Earlier this month, the VCCI signed a co-operation deal with state-owned telco VNPT on the deployment of the national programme on digital transformation for businesses, focusing on private businesses and micro-, small- and medium-sized enterprises (MSMEs).

“Business opportunities are equally divided among businesses and investors. Optimising the opportunities, however, is not just the responsibility of companies themselves. We expect the government to remain consistent in economic renovation, continue building a transparent and equitable economic institution system, and spur the development of national businesses and entrepreneurs, and pay due regard to the development of MSMEs to create a solid foundation for the Vietnamese economy,” Loc said.

Within the framework of the second VBS in 2018, which took place on the occasion of the World Economic Forum ASEAN 2018, Prime Minister Nguyen Xuan Phuc noted that Vietnam would like to become a friend to the top-notch. The premier said Vietnam aims to grow into a thriving nation, that is a burning aspiration, not inferior to any other country worldwide.

VBS 2019 featured Deputy Prime Minister Vu Duc Dam, who had a keynote speech titled “Vietnam – Time for Action” for the special plenary session.