Hanoi (VNA) – The year-end session of theVietnam Business Forum (VBF) in 2017 is set to focus on measures to improveproductivity and boost the development of the private sector.
At a recent press conference in Hanoi before the annualevent, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu TienLoc said the VBF, which is held twice a year, is a dialogue mechanism betweenthe Vietnamese Government and enterprises from both domestic and foreign-investedsectors.
In a report submitted to the Government, the VCCI acknowledgedsignificant improvement made to the local business climate, particularly afterthe National Assembly passed the Law on Support for Small- and Medium-sizedEnterprises (SMEs). The implementation of Resolution 19-2017/NQ-CP on enhancingbusiness environment and national competitiveness, and of Resolution 35/NQ-CPon supporting growth of enterprises toward 2020 was also said to contribute tothe outcome.
Hirohide Sagara, Co-Chairman of VBF Consortium's ManagementBoard, said that along equitisation to promote private sector, other potentialmeasures include maintaining a stable business climate, cutting cost, andinvesting in infrastructure.-VNA
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