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WEF dialogue reflects global firms’ trust in Vietnamese economy: official

The World Economic Forum (WEF)’s Country Strategy Dialogue on Vietnam, held on late October 29, came to a success, demonstrating the WEF and global enterprises’ attention to and trust in the Vietnamese economy, Deputy Minister of Foreign Affairs Nguyen Minh Vu has said.
WEF dialogue reflects global firms’ trust in Vietnamese economy: official ảnh 1WEF President Borge Brende (first, left), WEF Founder and Executive Chairman Klaus Schwab (centre), and PM Pham Minh Chinh co-chair the dialogue on October 29 (Photo: VNA)
Hanoi (VNA) – The WorldEconomic Forum (WEF)’s Country Strategy Dialogue on Vietnam, held on late October29, came to a success, demonstrating the WEF and global enterprises’ attention toand trust in the Vietnamese economy, Deputy Minister of Foreign AffairsNguyen Minh Vu has said.

In an interview granted to the press,Vu elaborated that the WEF’s first-everCountry Strategy Dialogue on Vietnam gathered WEF Founder and Executive Chairman Klaus Schwab, President of the forum BorgeBrende, and nearly 70 leading enterprises and investors who haveinvested or are planning to invest in the country.

Leading enterprises in the region andthe world highlighted the prospect of and their trust in the investment andbusiness climate in Vietnam. They also straightforwardly pointed out thedifficulties and problems facing them while operating here and put forth proposals to help the country quickly recover its economy and realiselong-term targets, Vu said.

Prime Minister Pham Minh Chinhrepeated to businesses his message of “harmonising interests, sharingrisks” and “win-win cooperation” between the Government and the businesscommunity in the current context.

Particularly, he underlined theVietnamese Government’s commitment and resolve to make reforms, transform theeconomy, and create new opportunities for the sustainable, inclusive, and innovativedevelopment of the Vietnamese economy and domestic and foreign enterprises.

Besides, the open and straightforward dialoguereflected enterprises and investors’ trust in the Vietnamese economy, as wellas the business and investment prospect here. It also showed their trust in theGovernment’s unceasing efforts to reform and improve the business environmentso as to promote the public - private partnership between internationalenterprises and the Vietnamese Government and people, Vu noted.

WEF dialogue reflects global firms’ trust in Vietnamese economy: official ảnh 2Deputy Minister of Foreign Affairs Nguyen Minh Vu (Photo: VNA)
He expressed his belief that thistrust will lead to new investment and investment expansion decisions in mutuallybeneficial areas in the country.

Many participants,including the WEF leaders and major groups, spoke highly of the Government’s resolution which identified the right direction of shifting to the productionand business recovery period with the pandemic under control, enabling them torestore normal operations.

They held that the recent difficultiesthey have faced in Vietnam just lasted for a short period of time while the country’sprospect and advantages are still outstanding. Vietnam has a criticallyimportant geo-economic position in a dynamic economic region, it is an economywith a large market of nearly 100 million people and also part of the networkof regional and global free trade agreements, and it also boasts numerousadvantages for attracting and keeping foreign investors, according to the DeputyMinister.

He cited the WEF and business leadersas saying that the difficulties and challenges are common, but the VietnameseGovernment has displayed an open-minded attitude and readiness to accompanyenterprises in tackling difficulties and challenges, thereby helping enhanceinvestors’ trust.

The international business communitymade highly positive assessment of Vietnam’s economic outlook, which will openup a number of new chances for cooperation between the country and foreignenterprises in the time ahead, the official added./.
VNA

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