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Vietnam Today

PM chairs second conference with businesses

Released at: 19:54, 17/05/2017

PM chairs second conference with businesses

Photo: VGP

PM's meeting with businesses attracts 2,000 delegates, quadruple the figure at the first gathering held last year.

by Nguyen Quoc

Prime Minister Nguyen Xuan Phuc chaired a conference with businesses, the second time he has done so, in Hanoi on May 17, which attracted 2,000 delegates, quadruple the number at the first meeting, the Vietnam News Agency reports.

This year’s meeting was themed “Siding with Business” and was attended by Politburo members, the President of the Vietnam Fatherland Front Central Committee and newly-appointed Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan, Deputy Prime Ministers, government members, and representatives from financial institutions and professional associations. 

Nearly 1,500 of the business delegates were from Vietnam’s private sector, while 200 were from foreign-invested enterprises and 100 from State-owned and equitized enterprises. Leaders from the country’s 63 cities and provinces also joined the televised conference. 

Addressing the gathering, PM Phuc said he hopes that participants would give constructive and straightforward feedback to contribute to administrative reform and the building of a government that supports business. 

Chairman of the Vietnam Chamber of Commerce and Industry, Dr. Vu Tien Loc, congratulated the government on launching the second wave of reform and thanked the PM for issuing a document directing supervision and inspection to facilitate manufacturing and trade. 

Enterprises from across the country contributed their ideas to adopting breakthrough policies in service of the application of the government’s resolution on supporting and developing businesses to 2020.

Mr. Pham Hong Hai, Managing Director of HSBC in Vietnam, said that in the context of a changing global economy, Vietnam is emerging as a highlight in the region with its competitive labor costs and political and macroeconomic stability.

The country has become a production center, with a number of major projects and billion-dollar contracts, he went on, adding that the government’s commitment to becoming an incorruptible, active and constructive government also helps inspire the business community.

Mr. Hai suggested the government pay attention to connecting domestic and foreign-invested enterprises as well as to fields where Vietnam holds competitive advantages.

Businesses should invest in technology in order to develop and compete sustainably, while the country should intensify education reform in order to increase workplace productivity and speed up national renewal, especially in the context of Vietnam integrating into the global economy, he said.

Representing construction businesses, Mr. Le Van Kiem, Chairman of the Board of Directors of the Long Thanh Golf Investment and Trading Joint Stock Company, expressed concern over financial matters. He proposed the government guarantee interest rates to facilitate the implementation of long-term projects.

Meanwhile, Mr. Pham Van Son, a member of the Board of Directors at the BMJ Group, asked that the government seek ways to help livestock breeders and veterinary medicine and cattle feed companies and distributors to deal with difficulties by rescheduling their debt repayments.

Mr. Nguyen Duu De, Chairman of the Hop Luc Joint Stock Company and President of the Business Association of Thanh Hoa Province and President of the Vietnamese Private Hospital Association, emphasized the need to rearrange public servant staff in order to raise efficiency in the application of the government’s resolution.

It is also necessary to attract the involvement of private enterprises in the healthcare sector to ease the overload at State-owned hospitals, he said.

Regarding real estate, President of the Ho Chi Minh City Real Estate Association Le Hoang Chau expressed a hope that the government would consider solutions to tackling hidden risks in the real estate market, including permitting land use and land-related asset rights be used as collateral at foreign banks and revising the laws on investment and enterprises.

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