Groups promise to support VN in meeting standards of digital economy

Groups promise to support Vietnam in meeting standards of digital economy

Deputy Prime Minister Vuong Dinh Hue on September 13 received representatives from Mitsubishi, Deloitte, Hanwha Energy, McKinsey, and HSBC in the framework of the World Economic Forum on ASEAN in Hanoi.
Groups promise to support Vietnam in meeting standards of digital economy ảnh 1Deputy Prime Minister Vuong Dinh Hue (R) receives Vice President of Mitsubishi Heavy Industries Ken Kawai (Source: VNA)

Hanoi (VNA) – Deputy Prime MinisterVuong Dinh Hue on September 13 received representatives from Mitsubishi,Deloitte, Hanwha Energy, McKinsey, and HSBC in the framework of the WorldEconomic Forum on ASEAN in Hanoi.

At separate meetings with the Vietnamese official, leadersof the groups said they are willing to support Vietnam in meeting standards ofa digital and environmentally-friendly economy.

Meeting with Vice President of Mitsubishi Heavy Industries Ken Kawai, Deputy PMHue expressed his appreciation for the group’s scholarships for Vietnamese studentsas well as its expanded investment and business in the country.

He suggested the group promote the development of the supportingindustry, in which Vietnamese enterprises will become an important link andmore deeply join the production and business process.

Vietnam's growth momentum comes from its processingand manufacturing industry and energy sector, Hue noted, adding that Vietnam welcomesthe firm’s technology transfer with modern and environmentally-friendlycriteria.

During his reception for head of HSBC Asia Pacific’s international departmentMatthew Lobner, Deputy PM Hue asked the group to share its experience withVietnamese partners in the application of financial technology and non-cashpayment development.

He also suggested the HSBC provide assessment reports; give feedback onmacroeconomic policies; help Vietnam deal with bad debts and restructuringfinancial institutions; and increase resilience of Vietnamese banks amid impactof the world economic situation.

In his meeting with Deputy PM Hue, Chief ExecutiveOfficer at Deloitte Southeast Asia Philip Yuen said thatDeloitte – one of the four most prestigious auditors in the world – has establishedan auditing training centre in Vietnam.

The firm is willing to participate in large projects including the equitisationof State-owned enterprises (SOEs) of Vietnam, contributing to modernising accountingand auditing standards in the country, he added.

For his part, Deputy PM Hue praised Deloitte for its attention to training humanresources for Vietnam and some other countries in the region, as well as in raisingthe scale and quality of the Vietnam Association of Certified Public Accountants’operation.

The Vietnamese Government hopes the group will give advice on how to preventand handle the transfer pricing of foreign invested-enterprises operating inVietnam, he said.

For the time ahead, the Vietnamese Government will continue the equitisation ofand divestment from large SOEs, which will be a great opportunity for large,prestigious audit firms like Deloitte to participate in appraisal, contributingto making Vietnam’s financial market more transparent, Hue added.

Meanwhile, Kaushik Das, CEO of McKinsey & Co., consultants in SoutheastAsia, said that over the past few years, the firm has completely transformedits digital data based-consultancy to adapt to changes and trends in scienceand technology.

McKinsey is ready to assist Vietnam in convertingconsultancy activities and analysing policies based on the requirements ofdigital technology, he stressed.

In his reply, Deputy PM Hue praised the impressive results of McKinsey, callingon the firm to provide advice for Vietnam in making policies for sustainabledevelopment, capacity building, and personnel training, towards preparing humanresources for the Fourth Industrial Revolution.

While receiving Senior Vice President of Hanwha Energy group Pyo Kim, Deputy PMHue expressed that the local government is highly interested in the energysector, particularly in renewable energy and solar power.

He suggested the group accelerate the completion of investment procedures, hopingthat the firm will pay attention to projects involving high-technology transfer,which ensure criteria on green and sustainable development.

For his part, Kim spoke highly of Vietnam’s economic growth and highlighted thepotential for the firm’s cooperation with the country in the coming time. Healso stressed his firm’s technological strengths as it invests in Vietnam. –VNA 
VNA

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