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Wednesday, December 13 2017
Tiếng Việt
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Date 10/12/2016-08:32:00 AM
ASEAN Business Summit 2016
(MPI) – ASEAN Business Summit 2016 was held on December 8th 2016 in Ha Noi by the MPI in collaboration with Bloomberg. Prime Minister Nguyen Xuan Phuc attended and had an important speech.

Prime Minister Nguyen Xuan Phuc speaking at the opening Summit. Photo: Duc Trung (MPI)

Attending the Summit, there were Minister of the MPI Nguyen Chi Dung, leader and CEO of leading and large corporations, businesses and famous speakers, professionals, managers of the world, ASEAN and Vietnam.

In the Summit opening, Prime Minister Nguyen Xuan Phuc said that this month remarks one year establishment of ASEAN Economic Community. ASEAN countries have been doing their utmost to actualize the developing commitments with deep and wide cooperation on all three fields politics – security, economy, culture – society.

Implementing the Vision 2025, Vietnam together with other ASEAN countries determines to continue strengthening ASEAN linkage, builds ASEAN community operating by the rule, ensures the rights and benefits of people, expands its relationship to partners, and increases the role and position in the region and the world.

The Prime Minister emphasized that Vietnam has become a middle income country with more 90 million people of population, dynamic and open economy. Total trade turnover in 2016 has been estimated at US$ 360 billion, higher 1.6 times than GDP. There were 22,000 FDI projects with total capital of US$ 300 billion. Besides joining ASEAN Economic Community, Vietnam signed 12 FTAs with high openness and standard, expanding cooperation and development with 55 nations and partners, including countries under G7 and 15/20 countries under G-20.

In the context of big challenges of the world and ASEAN region on security, economy, food, climate change… the Prime Minister suggested ASEAN country members to unite, promote economic connections, develop traffic infrastructure and soft linkage in order to facilitate cross-border trading, investment and services flows; build unified and effective ASEAN market. Besides exploitation of natural resources and labor, each ASEAN member should innovate, improve competitiveness, deeply take part in global supply chain and try to higher added value. Thereby, ASEAN business community plays the subject role, is motivation of economic linkage process and should initiate creative ideas, create new impetus in development of trade and investment.

Minister of the MPI Nguyen Chi Dung speaking at the Summit. Photo: Duc Trung (MPI)

Speaking at the Summit, Minister of the MPI Nguyen Chi Dung said that ASEAN Business Summit aims to strengthen connections and cooperation among member countries and regional business community, including Vietnam one. Over more than 20 years of formal participation of international integration, ASEAN is the first and most important playground of Vietnam; particularly when it has expanded and become ASEAN Economic Community. Despite being in middle group, Vietnam has got potentials and opportunities for investment and business, as well as desires and careful preparation for attracting large scale and strategic investment projects.

In order to narrow development gap between Vietnam and regional countries, Vietnam has been carrying out strategic orientation of fast and sustainable development to become the first destination of ASEAN investors.

Security and politics of Vietnam is stable; legal system is increasingly perfect, meeting standard of international integration; macroeconomic stability is always the first priority of the Government. Process of reform, innovation has been carrying out such as economic restructure and synchronously implementing three breakthroughs on market economy institution, human resources and infrastructure development. The Government has also been deploying many drastic measures and policies to improve investment and business climate, increase competitiveness, especially administrative reform.

So, Vietnam could be a good selection for investment and business absolutely. Minister Nguyen Chi Dung hoped that businesses and investors would cooperate with the Government, ministries, branches and localities to identify what needs to be done to realize the above-mentioned opportunities. Cooperation is an important factor emphasized in Vietnam Business Forum 2016. The Minister also suggested Bloomberg to continue collaborating and supporting the MPI in diffusion, propagation, investment promotion, supporting and advising investors to further invest in ASEAN in general and Vietnam in particular.

Whole scene of the Summit. Photo: Duc Trung (MPI)

Besides discussion on solutions for the development of ASEAN community, becoming an attractive investment destination, the Summit also got comments and advices for the Government to take Vietnam become more attractive destination for foreign investors and contribute more for the development of community./.

Nguyen Huong
Ministry of Planning and Investment

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