2011 Vietnam Business Forum opens

The 2011 Vietnam Business Forum was held in Hanoi on May 27 by the Ministry of Planning and Investment (MPI) in co-ordination with the World Bank (WB).

The forum was within the framework of Consultative Group (CG) mid-term meeting for Vietnam in 2011, which is scheduled to take place in the central province of Ha Tinh on June 8-9.

Participants at the event discussed issues related to the macroeconomy, investment environment, banking sector, capital market, infrastructure, human resources development, and administrative reform.

Representative of the European Chamber of Commerce in Vietnam (EuroCham) praised the Vietnamese government’s efforts to curb inflation and maintain high economic growth. Vietnam will successfully increase its competitiveness and achieve sustainable economic growth in the long-term by protecting rights, promoting intellectual property rights, ensuring a stable supply of energy, improving the quality of labour sources, simplifying administrative procedures, and combating corruption, according to the representative.

Delegates at the forum also focused on attracting investment, controlling inflation, stabilising the foreign exchange market and increasing foreign currency reserves.

They said that from now to 2020 Vietnam needs about US$160 billion to develop infrastructure, including roads, railways, seaports, telecommunication networks and power plants. – VOV

Tags: 2011 Vietnam Business Forum, Vietnam business forum

Posted by VBN on May 28 2011. Filed under Economy News, Int'l Cooperation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry