Hanoi,  (VNA) – Deputy Prime Minister Vuong Dinh Hue had adialogue with executives of 40 global corporations and five domestic enterprisesin the framework of the WEF ASEAN 2018 in Hanoi, to listen to their recommendationson developing a startup ecology, helping Vietnam achieve rapid and sustainabledevelopment.  

The Deputy PM said the Vietnamese Government has defined three majortasks, which are proactively promoting international economic integration; acceleratingeconomic institution reform and improving the investment-business environmentfor the private sector; and mobilizing all resources for infrastructure andsocio-economic development and human resources.

The foreign business leaders said they were impressed by Vietnam’ssocio-economic development and hoped the country will achieve sustainabledevelopment to facilitate business and production.

Mantosh Malhotra, regional head for Qualcomm in Southeast Asia and Pacific,said the group has worked with Viettel and Vingroup (of Vietnam) and found manyinteresting things for cooperation.

A representative from Airbus said the group has invested in Vietnam’s ITgiant FPT to build linkage platforms, while medical equipment maker Sysmecappreciated FPT’s hi-tech human resource.

The business leaders wanted to know the Vietnamese Government’s visionon 5G, Internet of Thing and digital technology not only at national but alsoglobal level. They asked about Vietnam’s State regulations on buildingfinancial database and developing fintech, solutions to accelerate theequitisation and divestment of State capital at State-owned enterprises.

Technology groups, including Amazon and Grab, said they are willing toshare experience with Vietnam to help the country develop a cashless paymentsystem. They expressed the hope that the Vietnamese Government will hold moredialogues with businesses.

Deputy PM Hue appreciated the recommendations of the foreign businessleaders, noting that the Government had assigned relevant ministries andsectors to integrate contents related to data building and application ofscience-technology in governance, production and business in the strategy onparticipating in the scientific-technological revolution, developinginfrastructure connectivity and human resources in 2017.

He informed that the Vietnamese Government is instructing the connectionof database on population, social insurance, finance and administration among ministriesand local administrations, and facilitation of the development of Vietnam’ssocial networks.

The Government will hold a capital market conference at the end of thisyear under the chair of the Prime Minister to listen to opinions of experts andbusinesses, he said, adding that Vietnam also needs advice from other countriesand partners on building an ecology for the digital economy.

Vietnam is of the view that thefourth industrial revolution will bring more opportunities than challenges, hesaid.-VNA