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Vietnam Today

Mid-term VBF 2017 for June 16

Released at: 10:23, 09/06/2017

Mid-term VBF 2017 for June 16

VBF 2016 (Source: vbf.org.vn)

Vietnam Business Forum a platform for entrepreneurs to engage in high-level public-private policy dialogue with government.

by Nguyen Quoc

The mid-term Vietnam Business Forum (VBF) 2017, an ongoing policy dialogue between the government and the business community, will be held in Hanoi on June 16 by the Vietnam Business Forum Consortium in cooperation with the Ministry of Planning and Investment and the World Bank.

The mid-term VBF 2017 is a platform for entrepreneurs to engage in a high-level public-private policy dialogue with the government’s key decision-makers and will focus on the impact of global policies on private sector investment, the connection between foreign direct investment (FDI) and domestic enterprises, and efficiency enhancements in the implementation of existing laws.

The VBF was established in 1997 during the annual Consultative Group meeting between the Vietnamese Government and its donor partners, as a not-for-profit, non-political channel for nurturing public-private dialogue to develop a favorable business environment that attracts domestic and foreign private sector investment and stimulates sustainable economic development in Vietnam. This is done primarily through high profile bi-annual forums between the business community and Vietnamese leadership and through specialized Working Groups cutting across sectors.

Serving as a regular and high-level channel of communication between the business community and the government, the VBF is widely recognized as an important actor and reliable partner in shaping reforms that provide concrete results towards delivering a better business environment in Vietnam. Key VBF objectives include working with the government to create pathways to long-term and sustainable business performance as well as to promote the interests of the domestic and international business communities in Vietnam and enhance investment and trade in local and overseas markets. It works to provide research, legal analysis, identification of problems, and practical solutions.

The VBF Consortium is led by five consortium members and supported by eleven associate members, which are foreign and local business associations and chambers of commerce in Vietnam. The five members are the American Chamber of Commerce in Vietnam (Amcham), the European Chamber of Commerce in Vietnam (Eurocham), the Japan Business Association (JBA) in Vietnam, the Korean Chamber of Commerce in Vietnam (Kocham), and the Vietnam Chamber of Commerce and Industry (VCCI).

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