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2015 year-end Vietnam Business Forum opens in Hanoi
  • | VOV | December 01, 2015 04:53 PM

The 2015 year-end Vietnam Business Forum (VBF) officially opened in Hanoi on December 1 under the theme “Enhancing Enterprise Competitiveness for Global Integration”. 

    The event was of great significance towards Vietnam as it has been in the final phase of the five-year socio-economic development plan to become a modern industrialized nation by 2020.

    In his opening speech, Minister of Planning and Investment Bui Quang Vinh said Vietnam’s institutional reforms and economic restructuring are taking place drastically. Therefore, there should be solutions to improve labour productivity, and speed up public administrative reforms and the fight against corruption.

    Minister Vinh said in spite of some improvements in Vietnam’s business climate, there remains a lot of things to be done ahead. He stressed the need to make Vietnamese businesses more competitive and complete policies in the context when Vietnam has become a member of a series of important free trade agreements (FTAs).

    Mrs. Virginia B. Foote. Co-Chair of VBF Consortium's Management Board said since the mid-term forum in June, there has been remarkable progress in important matters concerning enterprises in Vietnam.

    She expressed hope to continue working in the fields which attract the attention of both local and foreign businesses to ensure that Vietnam has made thorough preparations to take full advantage of the signed FTAs.

    She also highlighted the Vietnamese government’s efforts to bring Vietnam’s accounting system closer to international standards.

    VBF has become an annual prestigious event and is considered an effective dialogue between the Vietnamese government and the business community, said Minister Vinh. 

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