Enhancing the efficiency andcompetitiveness of Vietnam’s economy topped the agenda of the VietnamBusiness Forum which was held in Hanoi on May 26.
Government officials, businesspeople and representatives from a numberof international organisations discussed a wide range of issues relatedto infrastructure, human resources development, and administrative,legal and tax reforms.
Vietnam’s Minister of Planning and Investment Vo Hong Phuc, WorldBank Country Director in Vietnam Victoria Kwakwa and the InternationalFinance Corporation (IFC)’s Regional Director Simon Andrew wereoptimistic about the Vietnamese economy’s current indexes, saying thatVietnam remains an attractive destination for foreign investors.
They also pointed out a number of challenges Vietnam needs to dealwith to enhance the efficiency and competitiveness of its economy,especially those regarding laws, administrative procedures,infrastructure and personnel training.
The WB official pledged to support Vietnam’s reforms and expectedto join in working out its socio-economic development plans when thecountry has much to do in the post-crisis period.
A representative from the European Chamber of Commerce (EuroCham) inVietnam said the biggest challenge for Vietnam in the remainingmonths of 2010 is to balance its growth rate, while curbing inflation.
The EuroCham representative expressed belief in huge potentials ofVietnam – a leading nation in the region and a destination forinvestors from Europe .
President of the American Chamber of Commerce in Vietnam Jocelyn Transuggested the country improve skills of its workforce. Vietnam alsoshould make greater efforts to stabilise the macro-economy, legal systemand labour relations, promote the protection and enforcement ofintellectual property rights, and speed up infrastructure development,she said.
Hiroyuki Moribe, Head of the Japan External Trade Organisation(JETRO)’s Hanoi Office, said Vietnam is still an appealingdestination and a potential market for Japanese investors thanks to itspolitical and social stability.
Vietnam sees the highest rate of Japanese companies which areplanning to expand business as compared with other member countries ofthe Association of Southeast Asian Nations (ASENA), Hiroyuki said.
While sharing concerns about the establishment of private economicgroups and impacts of the ASEAN-China Free Trade Agreement, the VicePresident and General Secretary of the Vietnam Young EntrepreneursAssociation, Dr. Nguyen Manh Cuong, put forth specific solutions tohelp the youth to set up shop.
Cuong emphasised the necessity to provide young people in rural areaswith access to Internet and chances to meet with successful youngentrepreneurs, as well as encourage the youth to enrich themselves./.
Government officials, businesspeople and representatives from a numberof international organisations discussed a wide range of issues relatedto infrastructure, human resources development, and administrative,legal and tax reforms.
Vietnam’s Minister of Planning and Investment Vo Hong Phuc, WorldBank Country Director in Vietnam Victoria Kwakwa and the InternationalFinance Corporation (IFC)’s Regional Director Simon Andrew wereoptimistic about the Vietnamese economy’s current indexes, saying thatVietnam remains an attractive destination for foreign investors.
They also pointed out a number of challenges Vietnam needs to dealwith to enhance the efficiency and competitiveness of its economy,especially those regarding laws, administrative procedures,infrastructure and personnel training.
The WB official pledged to support Vietnam’s reforms and expectedto join in working out its socio-economic development plans when thecountry has much to do in the post-crisis period.
A representative from the European Chamber of Commerce (EuroCham) inVietnam said the biggest challenge for Vietnam in the remainingmonths of 2010 is to balance its growth rate, while curbing inflation.
The EuroCham representative expressed belief in huge potentials ofVietnam – a leading nation in the region and a destination forinvestors from Europe .
President of the American Chamber of Commerce in Vietnam Jocelyn Transuggested the country improve skills of its workforce. Vietnam alsoshould make greater efforts to stabilise the macro-economy, legal systemand labour relations, promote the protection and enforcement ofintellectual property rights, and speed up infrastructure development,she said.
Hiroyuki Moribe, Head of the Japan External Trade Organisation(JETRO)’s Hanoi Office, said Vietnam is still an appealingdestination and a potential market for Japanese investors thanks to itspolitical and social stability.
Vietnam sees the highest rate of Japanese companies which areplanning to expand business as compared with other member countries ofthe Association of Southeast Asian Nations (ASENA), Hiroyuki said.
While sharing concerns about the establishment of private economicgroups and impacts of the ASEAN-China Free Trade Agreement, the VicePresident and General Secretary of the Vietnam Young EntrepreneursAssociation, Dr. Nguyen Manh Cuong, put forth specific solutions tohelp the youth to set up shop.
Cuong emphasised the necessity to provide young people in rural areaswith access to Internet and chances to meet with successful youngentrepreneurs, as well as encourage the youth to enrich themselves./.
