At the Vietnam Business Summit 2020 (Photo: VNA) Hanoi (VNA) – The Vietnam BusinessSummit 2020 was held by the Vietnam Chamber of Commerce and Industry (VCCI) inHanoi on November 12 under the theme of “Digitalised Vietnam: Toward Resilient,Responsive and Sustainable Development”.
Recommendations at the summit will be submittedto ASEAN leaders, who are gathering online for the 37th ASEAN Summit, so thatmore effective measures will be outlined to support the businesscommunity.
Key topics discussed at the summit includedlogistics, agriculture and overarching investment challenges in the context ofCOVID-19.
In his opening remarks, Deputy Prime MinisterTruong Hoa Binh underlined the outbreak together with the Fourth IndustrialRevolution has brought substantial changes to the global economy.
In that context, Vietnam should work to overcomeformidable challenges and grasp all opportunities to become a new destinationfor investment waves in the region, he said.
Meanwhile, VCCI President Vu Tien Loc stressedthe COVID-19 pandemic has pressed businesses to put forth digitaltransformation process, explaining it helps Vietnamese firms, especially small-and medium-sized enterprises, to develop a more flexible business model, whilecutting cost and optimising resources.
Since the success of digital transformationdepends much on political determination and national economic institution, nottechnology, it is necessary to create a modern economic institution withrational legal framework, which is able to form an ecosystem for e-commerce anddigital economy, Loc said.
At the event, many scholars expressed their interestin the pandemic’s impact on global economy, prospects for the Vietnameseeconomy, foreign investment waves and Vietnam’s FDI attraction strategies, andIT application to improve logistics service efficiency, among others./.
VNA
