OECD-Vietnam High-Level Economic Forum opens

The Vietnam-OECD High-Level Business Forum opened in Hanoi on October 18, gathering economists and representatives from international organisations as well as domestic and foreign businesses.

Vietnamese Minister of Planning and Investment Nguyen Chi Dung addresses the forum. (Photo: VNA)

Hanoi (VNA) – The OECD-Vietnam High-Level Economic Forum opened in Hanoi on October 18, gathering economists and representatives from international organisations as well as domestic andforeign businesses.

Addressing the event, Minister of Planning and InvestmentNguyen Chi Dung said that recently, the ministry has coordinated closely with theOrganisation for Economic Cooperation and Development (OECD) in activitieswithin the framework of the memorandum of understanding between the two sides,including high-quality ones.

He said that Vietnam is recovering strongly from the COVID-19 pandemic and complicated economic and geopolitical developments in the world. During the process, the ministryhas effectively promoted its advisory role by giving advice to the Governmenton the issuance of many policies to support socio-economic recovery anddevelopment, maintain economic stability, and speed up growth, he added.

Minister of Planning and Investment Nguyen Chi Dung and OECD Secretary-General Mathias Cormann co-chair the forum. (Photo: VNA)

The minister said he hopes participants will give ideas oneconomic management and reform, corporate governance at State-owned enterprises, and the attraction of high-quality FDI amid the country’s green growth and digitaltransformation period.

OECD Secretary-General Mathias Cormann recognisedconsiderable social progress of Vietnam in the past three decades, highlightingVietnam’s success to prevent crisis related to COVID-19.

He noted the OECD forecast that Vietnam’s GDP for thisyear and the next will exceed 6%. This will attract more FDI to Vietnam asforeign firms are helping diversify the supply chain in the country, hesaid, advising Vietnam to work harder to ensure sustainable development.

The official recommended that Vietnam adapt itself to the agingpopulation period and boost productivity, and held that Vietnam will benefitfrom the opening of trade market which goes along with a stronger transfer of knowledge,along with the OECD’s activities to promote high-quality FDI.

The OECD Secretary-General emphasised that the experienceand expertise of the OECD can help Vietnam overcome the challenges and seize theopportunities mentioned above. One of the OECD's top priorities is tostrengthen engagement with Southeast Asian partners like Vietnam, he stressed.

Following the forum, a business roundtable on production andrenewable energy was held. Alongside, many business connection activities werealso implemented to assist businesses in finding business and investmentopportunities./.

VNA