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 hinh anh 1

WEF 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)

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.

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

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

Prime Minister Pham Minh Chinh repeated to businesses his message of “harmonising interests, sharing risks” and “win-win cooperation” between the Government and the business community in the current context.

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

Besides, the open and straightforward dialogue reflected enterprises and investors’ trust in the Vietnamese economy, as well as the business and investment prospect here. It also showed their trust in the Government’s unceasing efforts to reform and improve the business environment so as to promote the public - private partnership between international enterprises and the Vietnamese Government and people, Vu noted.

WEF dialogue reflects global firms’ trust in Vietnamese economy: official hinh anh 2

Deputy Minister of Foreign Affairs Nguyen Minh Vu (Photo: VNA)

He expressed his belief that this trust will lead to new investment and investment expansion decisions in mutually beneficial 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 production and business recovery period with the pandemic under control, enabling them to restore normal operations.

They held that the recent difficulties they have faced in Vietnam just lasted for a short period of time while the country’s prospect and advantages are still outstanding. Vietnam has a critically important geo-economic position in a dynamic economic region, it is an economy with a large market of nearly 100 million people and also part of the network of regional and global free trade agreements, and it also boasts numerous advantages for attracting and keeping foreign investors, according to the Deputy Minister.

He cited the WEF and business leaders as saying that the difficulties and challenges are common, but the Vietnamese Government has displayed an open-minded attitude and readiness to accompany enterprises in tackling difficulties and challenges, thereby helping enhance investors’ trust.

The international business community made highly positive assessment of Vietnam’s economic outlook, which will open up a number of new chances for cooperation between the country and foreign enterprises in the time ahead, the official added./.

Source: VNA
en.vietnamplus.vn

Related News

Build advantages - Secure the future with Vietnam ESG 2024 Initiative

Build advantages - Secure the future with Vietnam ESG 2024 Initiative

VCN - In the context of global economic integration, Vietnamese businesses are facing many challenges in meeting strict requirements for green and sustainable development from investors, partners, international market and consumers. Faced with this trend, Vietnamese businesses, especially those participating in global supply chains or exports, are facing increasing pressure to apply ESG practices to avoid falling behind or being eliminated from the "game".
Proactive in dealing with exchange rate pressure

Proactive in dealing with exchange rate pressure

VCN - Recently, the State of Bank (SBV) withdrew VND 30,000 billion through the T-bills channel, contributing to reducing exchange rate pressure. This is just one of the moves of the monetary policy management agency to stabilize the foreign exchange market, contributing to supporting the macro economy as well as import-export business activities of enterprises.
Lang Son Finance, Tax and Customs agencies needs to proactively capture information to develop the border gate economy

Lang Son Finance, Tax and Customs agencies needs to proactively capture information to develop the border gate economy

VCN - That was the direction of Deputy Minister of Finance Nguyen Duc Chi at a working session with leaders of the Provincial People's Committee and the Lang Son Departments of Finance, Tax, and Customs on March 19.
Prime Minister: State-owned enterprises continue to lead, pave the way, and pioneer in innovation

Prime Minister: State-owned enterprises continue to lead, pave the way, and pioneer in innovation

VCN - Appreciating the role of state-owned enterprises (SOEs), the Prime Minister requested to continue promoting their role of paving the way and leading; SOEs need to be a pioneering force, leading in innovation and economic restructuring...

Latest News

GDP grows 5.66% in Q1

GDP grows 5.66% in Q1

Vietnam's economy grew 5.66% in the first quarter compared to the same period last year, the highest for the first quarter since 2020, the General Statistics Office (GSO) announced at a press conference in Hanoi on March 29.
Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Deputy Prime Minister Tran Luu Quang on March 27 stressed the Vietnamese Government’s determination to speed up the disbursement of official development assistance (ODA) and concessional loans.
Vietnam, US hold first foreign ministerial-level dialogue

Vietnam, US hold first foreign ministerial-level dialogue

Minister of Foreign Affairs Bui Thanh Son and US Secretary of State Antony Blinken co-chaired the first Vietnam-US Dialogue at the foreign ministerial level in Washington DC on March 25 (local time).
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

VCN - Mr. Le Huu Quang Huy, Member of the Inter-Branch Executive Committee of Vietnam Industrial Park Finance Association (VIPF), Vice Chairman of the Board of Members of the International Investment Study Institute (ISC) had an interview with Customs Magazine reporters about the FDI attraction situation.

More News

Vietnam attends 148th IPU Assembly in Geneva

Vietnam attends 148th IPU Assembly in Geneva

A delegation of the Vietnamese National Assembly (NA) led by NA Vice Chairman Tran Quang Phuong attended the opening ceremony of the 148th Assembly of the Inter-Parliamentary Union (IPU-148) and a plenary session in Geneva, Switzerland, on March 24.
More Vietnamese people go cashless: Visa study

More Vietnamese people go cashless: Visa study

Visa, a global leader in digital payments, has provided its insights into Vietnam’s payment landscape with its latest Consumer Payment Attitudes study that highlights the surge in cashless transactions among Vietnamese consumers.
Without resolving three significant bottlenecks, real estate market

Without resolving three significant bottlenecks, real estate market's revival will face numerous challenges

VCN - Economic expert Vu Dinh Anh shares insights on the real estate market's recovery trajectory in 2024.
Top Finnish legislator begins official visit to Việt Nam

Top Finnish legislator begins official visit to Việt Nam

Speaker of the Parliament of Finland Jussi Halla-aho and a high-ranking delegation of the Finnish Parliament arrived in Hà Nội on Sunday
Nearly 20 commercial banks lower deposit rates

Nearly 20 commercial banks lower deposit rates

Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates.
Breakthrough policies look towards green economy

Breakthrough policies look towards green economy

Extended producer responsibility (EPR) holds producers and importers responsible for the entire lifecycle of their products, including their disposal and recycling.
Vietnam remains attractive destination for foreign investors

Vietnam remains attractive destination for foreign investors

Vietnam's economic strength is reflected in controlled macroeconomic indicators and the country has increasingly affirmed and strengthened its important role in the supply chain diversification strategy of multinational corporations. 2024 will be the year for foreign investors to seize opportunities and implement high-tech foreign direct investment (FDI) projects in Vietnam.
Bright spots at the beginning of the year

Bright spots at the beginning of the year

VCN - Production and business activities of enterprises have been vibrant since the first days of the year, thanks to which, many economic indicators in the first 2 months of 2024 are positive and positive. This is the fulcrum of trust and motivation for businesses to continue to develop.
Vietnam pledges to continue contributing to UNESCO’s common affairs

Vietnam pledges to continue contributing to UNESCO’s common affairs

Deputy Minister of Foreign Affairs Ha Kim Ngoc attended the 219th session of the UNESCO’s Executive Board in Paris on March 18 and 19, during which the Vietnamese representative affirmed that Vietnam always highly evaluates multilateral cooperation and UNESCO’s role, and pledges to continue to make active and positive contributions to the organisation’s common affairs.
Read More

Your care

Latest Most read
GDP grows 5.66% in Q1

GDP grows 5.66% in Q1

Vietnam's economy grew 5.66% in the first quarter compared to the same period last year, the highest for the first quarter since 2020, the General Statistics Office (GSO) announced at a press conference in Hanoi on March 29.
Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Deputy Prime Minister Tran Luu Quang on March 27 stressed the Vietnamese Government’s determination to speed up the disbursement of official development assistance (ODA) and concessional loans.
Vietnam, US hold first foreign ministerial-level dialogue

Vietnam, US hold first foreign ministerial-level dialogue

Minister of Foreign Affairs Bui Thanh Son and US Secretary of State Antony Blinken co-chaired the first Vietnam-US Dialogue at the foreign ministerial level in Washington DC on March 25 (local time).
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

VCN - According to data from the Foreign Investment Bureau (Ministry of Planning and Investment), accumulated to now, Vietnam has attracted 39,553 FDI projects with a total registered capital of US$ 473.1 billion, the total implemented capital of the FDI
Vietnam attends 148th IPU Assembly in Geneva

Vietnam attends 148th IPU Assembly in Geneva

A delegation of the Vietnamese National Assembly (NA) led by NA Vice Chairman Tran Quang Phuong attended the opening ceremony of the 148th Assembly of the Inter-Parliamentary Union (IPU-148) and a plenary session in Geneva, Switzerland, on March 24.
Mobile Version