Vietnam Business Forum discusses connecting foreign and domestic investment sectors

(VOVWORLD) - The midterm Vietnam Business Forum (VBF) 2017 opened in Hanoi on Friday focusing on connecting foreign and domestic investment sectors amidst the new global context. 
Vietnam Business Forum discusses connecting foreign and domestic investment sectors - ảnh 1(Photo: VOV) 

Government and ministry officials, representatives from international organizations, trade associations and businesses attended the event. Participants discussed solutions to help small-and medium-sized enterprises (SMEs) connect with FDI enterprises and join regional and international production networks towards eliminating national boundaries in production. The Business Associations and working groups of the Vietnam Business Forum made recommendations and proposals to the government, Ministries and sectors of industry, electricity, energy, capital market, human resource and infrastructure to find solution to the pending issues. Kyle F.Kelhofer, Country Manager of International Finance Corporation in Vietnam, Laos, and Cambodia, said:  “To further achieve this, Vietnam must address the absence of robot-supporting industries. And the government can continue to facilitate and encourage local innovation and local private risk-taking to strengthen these links between FDI and local businesses. Vietnam's private sector must continue to innovate to survive and thrive in this increasingly competitive and fast changing environment”.

Deputy Prime Minister Vuong Dinh Hue said the Vietnamese government has pursued international integration, and created an open and transparent business environment: “The Vietnamese government considers foreign direct investment an important part of Vietnam’s economy and will create the best possible conditions for FDI businesses to invest in Vietnam, considering their success as Vietnam’s success. The Vietnamese government aims to facilitate both domestic and FDI economic sectors to develop. Vietnam issues policy to connect both foreign and domestic economic sectors in a single market in order to successfully integrate with the world, participating in the value chains in the region and beyond, and raising competitiveness”.

The Deputy Prime Minister said the Vietnamese government will further attract more FDI, prioritizing those businesses with advanced, and environmentally friendly technology, good governance, and willingness to work with Vietnamese businesses. 

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