Scene at the forum (Photo: VNA)Hanoi (VNA) - The Vietnam Business Forum 2016 opened onDecember 5 in Hanoi focusing on strengthening the role of the private economicsector through fostering the partnership between domestic and foreign enterprises.
In opening the annual event, Minister of Planning and Investment NguyenChi Dung said the business community in Vietnam saw developments in both termsof quantity and quality in 2016, but still the domestic enterprises are notstrong enough to make effective integration, without any representative able tojoin the global value and supply chains.
The minister also recalled the lesson of environmental protection in associationwith investment projects, stressing that it is the lesson for not only theState but also enterprises themselves. He reiterated that environmentprotection is a priority of the Government in its strategy for green and sustainabledevelopment, and called on the business community to pay due attention to thisissue.
Participants at the forum took note of breakthrough changes in thebusiness environment in Vietnam and the Vietnamese government’s efforts andresolve in facilitating the operation of enterprises and investors.
Kyle F. Kelhofer, country manager for Vietnam, Cambodia and Laos of theInternational Financial Corporation, appreciated the unceasing endeavours ofthe Government in maintaining macro-economic stability and keeping public debt withinpermissible level, adding that the role of the private economic sector hasreceived more attention.
Addressing the forum on behalf of the domestic business community, Chairmanof the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc asked theGovernment to tighten discipline in the execution of duty while enhancing thesupervision and feedback of the public and enterprises.
He urged the Government to draft a bill to revise laws related toinvestment and business environment, adding that the revision of laws should bedone regularly as the situation keeps changing rapidly.
The business community also proposed that the Government promptly submitto the National Assembly revisions to the Labour Code regarding regulations on overtimework, wage and social insurance to ensure the economy’s competitiveness.
On behalf of the US business and investor community, Governor of the AmericanChamber of Commerce in Vietnam Virginia B. Foote asked the VietnameseGovernment to pay attention to five issues that need improvements, which werefacilitating the private sector; developing human resources; addressing netsecurity problems; enforcing the Trade Facilitation Agreement; and facilitatingtravel to develop tourism.
Prime Minister Nguyen Xuan Phucwelcomed the opinions of the business community, saying that the Government is alwaysready for open and straightforward dialogue in order to seek the mostappropriate and effective solutions for Vietnam to achieve fast, sustainableand harmonious development.
He noted that the reality of the 30-year Doi Moi (renewal) process hasproved convincingly that the private economic sector is an important drivingforce of the Vietnamese economy.
The PM cited statistics that showed the country now has nearly 600,000firms. 2016 is the first year when Vietnam saw more than 100,000 new firmsestablished, which means an average 12 firms set up per one hour.
According to the PM, the 3.5 million business households in the country holdgreat potential for realising the goal of 1 million firms by 2020.
At the same time, PM Nguyen Xuan Phuc laid stress on the important roleplayed by 21,000 foreign-invested enterprises in the country. The FDIenterprises have invested a combined 300 billion USD in Vietnam. Total FDIcapital flow into Vietnam has topped 17 billion USD in 2016.
In its 2016-2020 socio-economic development strategy, Vietnam isdetermined to create every possible favourable conditions for the developmentof enterprises, especially private ones, thus creating a driving force toelevate competitiveness and self-reliance for the national economy, he said.
The PM emphasized that in saying Vietnamese enterprises, it also meansFDI enterprises with legal person status in Vietnam and domestic enterprises. “Thisis the Government’s major direction in forming a connected and effective Vietnamesebusiness community,” he said.
PM Phuc reiterated the government’scommitment to continued efforts to complete the market economic institutionsalong with policies and laws, push forward with administrative reform, enhancethe national competitiveness and create favourable conditions for the privatesector to develop strongly.
The Government will work to raise the essential WB-rated nationalinvestment environment indexes and WEF-rated competitiveness index to the averagelevel of the ASEAN-4 countries, he said.
The PM called on the Vietnamese business community to activelyparticipate in the process of economic restructuring through diversifyinginvestments with a priority for the PPP form, stimulating startup business andinnovation spirit, and increasing win-win partnership between the domestic privateFDI sectors.
He urged FDI businesses to trust Vietnam’s reforms and accelerate thetransfer of advanced technology, human resource training and the sharing ofcorporate governance experience while upholding their responsibility to societyand joining hands with Vietnam in protecting natural resource and theenvironment.
PM Nguyen Xuan Phuc instructed ministriesand agencies study proposals and recommendations put forth at the forum with aview to supplementing and adjusting related policies and legal documents toalign with the market economy and international practice.
“The Government will make all-out efforts so that the Vietnamesebusiness community can closely connect and grow in the Vietnamese economy andsuccessfully rise up to the world stage,” the PM told the forum./.
In opening the annual event, Minister of Planning and Investment NguyenChi Dung said the business community in Vietnam saw developments in both termsof quantity and quality in 2016, but still the domestic enterprises are notstrong enough to make effective integration, without any representative able tojoin the global value and supply chains.
The minister also recalled the lesson of environmental protection in associationwith investment projects, stressing that it is the lesson for not only theState but also enterprises themselves. He reiterated that environmentprotection is a priority of the Government in its strategy for green and sustainabledevelopment, and called on the business community to pay due attention to thisissue.
Participants at the forum took note of breakthrough changes in thebusiness environment in Vietnam and the Vietnamese government’s efforts andresolve in facilitating the operation of enterprises and investors.
Kyle F. Kelhofer, country manager for Vietnam, Cambodia and Laos of theInternational Financial Corporation, appreciated the unceasing endeavours ofthe Government in maintaining macro-economic stability and keeping public debt withinpermissible level, adding that the role of the private economic sector hasreceived more attention.
Addressing the forum on behalf of the domestic business community, Chairmanof the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc asked theGovernment to tighten discipline in the execution of duty while enhancing thesupervision and feedback of the public and enterprises.
He urged the Government to draft a bill to revise laws related toinvestment and business environment, adding that the revision of laws should bedone regularly as the situation keeps changing rapidly.
The business community also proposed that the Government promptly submitto the National Assembly revisions to the Labour Code regarding regulations on overtimework, wage and social insurance to ensure the economy’s competitiveness.
On behalf of the US business and investor community, Governor of the AmericanChamber of Commerce in Vietnam Virginia B. Foote asked the VietnameseGovernment to pay attention to five issues that need improvements, which werefacilitating the private sector; developing human resources; addressing netsecurity problems; enforcing the Trade Facilitation Agreement; and facilitatingtravel to develop tourism.
Prime Minister Nguyen Xuan Phucwelcomed the opinions of the business community, saying that the Government is alwaysready for open and straightforward dialogue in order to seek the mostappropriate and effective solutions for Vietnam to achieve fast, sustainableand harmonious development.
He noted that the reality of the 30-year Doi Moi (renewal) process hasproved convincingly that the private economic sector is an important drivingforce of the Vietnamese economy.
The PM cited statistics that showed the country now has nearly 600,000firms. 2016 is the first year when Vietnam saw more than 100,000 new firmsestablished, which means an average 12 firms set up per one hour.
According to the PM, the 3.5 million business households in the country holdgreat potential for realising the goal of 1 million firms by 2020.
At the same time, PM Nguyen Xuan Phuc laid stress on the important roleplayed by 21,000 foreign-invested enterprises in the country. The FDIenterprises have invested a combined 300 billion USD in Vietnam. Total FDIcapital flow into Vietnam has topped 17 billion USD in 2016.
In its 2016-2020 socio-economic development strategy, Vietnam isdetermined to create every possible favourable conditions for the developmentof enterprises, especially private ones, thus creating a driving force toelevate competitiveness and self-reliance for the national economy, he said.
The PM emphasized that in saying Vietnamese enterprises, it also meansFDI enterprises with legal person status in Vietnam and domestic enterprises. “Thisis the Government’s major direction in forming a connected and effective Vietnamesebusiness community,” he said.
PM Phuc reiterated the government’scommitment to continued efforts to complete the market economic institutionsalong with policies and laws, push forward with administrative reform, enhancethe national competitiveness and create favourable conditions for the privatesector to develop strongly.
The Government will work to raise the essential WB-rated nationalinvestment environment indexes and WEF-rated competitiveness index to the averagelevel of the ASEAN-4 countries, he said.
The PM called on the Vietnamese business community to activelyparticipate in the process of economic restructuring through diversifyinginvestments with a priority for the PPP form, stimulating startup business andinnovation spirit, and increasing win-win partnership between the domestic privateFDI sectors.
He urged FDI businesses to trust Vietnam’s reforms and accelerate thetransfer of advanced technology, human resource training and the sharing ofcorporate governance experience while upholding their responsibility to societyand joining hands with Vietnam in protecting natural resource and theenvironment.
PM Nguyen Xuan Phuc instructed ministriesand agencies study proposals and recommendations put forth at the forum with aview to supplementing and adjusting related policies and legal documents toalign with the market economy and international practice.
“The Government will make all-out efforts so that the Vietnamesebusiness community can closely connect and grow in the Vietnamese economy andsuccessfully rise up to the world stage,” the PM told the forum./.
VNA
