VBF2017 to seek ways to develop private economy

The mid-term Vietnam Business Forum (VBF) 2017, the most expected event of the domestic business community, is set to take place in Hanoi on June 16.

Wednesday, June 14, 2017 20:35

VBF2017 to seek ways to develop private economy ảnh 1

Illustrative image (Source: VNA)

Hanoi (VNA) – The mid-term Vietnam Business Forum (VBF)2017, the most expected event of the domestic business community, is set totake place in Hanoi on June 16.

Attending the event will be representatives from thegovernment, ministries, agencies, experts and policymakers who will discussforeign-invested and private sectors in the new context of global economy.

A score of measures will be raised with a view to clearingbarriers to the private economic sector, such as administrative procedures andlimited access to State incentives regarding capital, land, infrastructure,among others.

Representativesfrom working groups on investment and trade, banking, supporting industry, automobile-motorbike,power and energy, will deliver reports on impacts of global policies such asBrexit, TPP, the Donald Trump administration’s policies, EU-Vietnam Free TradeAgreement, Regional Comprehensive Economic Partnership, on Vietnam as well asforeign investment flow into the country.

Theywill also talk the effects of the fourth industrial revolution on Vietnam andhow to maintain and lure more investment amidst the current situation, and theconnection of foreign-invested firms and domestic ones.

Theevent will be jointly held by the Vietnam Business Forum, the InternationalFinance Corporation, the Ministry of Planning and Investment, and the WorldBank in Vietnam.

The VBF was established in a project of the VietnamConsultative Group at a meeting between the Vietnamese Government and its donorpartners in Tokyo in 1997.

Vietnam set a target of having 1 million capable enterprisesby 2020, with private ones being an important driving force of the economy.-VNA

VNA

#Vietnam Business Forum #domestic business community #administrative procedures #fourth industrial revolution #Vietnam Consultative Group #capable enterprises #World Bank in Vietnam Vietnam

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