VBF2017 to seek ways to develop private economy hinh anh 1Illustrative image (Source: VNA)
Hanoi (VNA) – 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.

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

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

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

They will also talk the effects of the fourth industrial revolution on Vietnam and how to maintain and lure more investment amidst the current situation, and the connection of foreign-invested firms and domestic ones.

The event will be jointly held by the Vietnam Business Forum, the International Finance Corporation, the Ministry of Planning and Investment, and the World Bank in Vietnam.

The VBF was established in a project of the Vietnam Consultative Group at a meeting between the Vietnamese Government and its donor partners in Tokyo in 1997.

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