The Vietnam Business Forum (VBF) Consortium on November 26 introduced the VBF 2012 and the new interface of the Forum’s website.

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said VBF provides a platform for policy dialogue between the government and Vietnamese and foreign business communities with the aim of building a favourable business environment to attract more investments and foster the sustainable economic development in Vietnam.

He spoke of the transfer of coordination function of the International Finance Corporation (IFC), an arm of the World Bank, to the VBF Consortium as a move to enable the business sector to play a bigger role for the Forum's sustainable development.

The VBF Consortium, which currently consists of 15 foreign and local business associations and chambers of commerce, is managed by a board of directors co-led by Loc and the former European Chamber of Commerce in Vietnam Alain Cany. The operation mechanism of the forum remains unchanged, Loc said.

On the occasion, Cany briefed on new achievements of VBF since the transfer, citing the newly established working group on automobile industry, the strengthening of current working groups in various fields, and improvements in the quality and quantity of dialogues with representative of state agencies.

The Forum’s official website at has also been upgraded to give more access to the forum’s information, said Cany.-VNA