Vietnam Business Forum looks to boost private sector growth

The year-end session of the Vietnam Business Forum (VBF) in 2017 is set to focus on measures to improve productivity and boost the development of the private sector.
Vietnam Business Forum looks to boost private sector growth ảnh 1Scene at the press conference (Photo: VNA)

Hanoi (VNA) – The year-end session of the Vietnam Business Forum (VBF) in 2017 is set to focus on measures to improve productivity and boost the development of the private sector.

At a recent press conference in Hanoi before the annual event, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said the VBF, which is held twice a year, is a dialogue mechanism between the Vietnamese Government and enterprises from both domestic and foreign-invested sectors.

In a report submitted to the Government, the VCCI acknowledged significant improvement made to the local business climate, particularly after the National Assembly passed the Law on Support for Small- and Medium-sized Enterprises (SMEs). The implementation of Resolution 19-2017/NQ-CP on enhancing business environment and national competitiveness, and of Resolution 35/NQ-CP on supporting growth of enterprises toward 2020 was also said to contribute to the outcome.

Hirohide Sagara, Co-Chairman of VBF Consortium's Management Board, said that along equitisation to promote private sector, other potential measures include maintaining a stable business climate, cutting cost, and investing in infrastructure.-VNA
VNA

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