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Friday, September 24 2021
Tiếng Việt
a A
Date 02/07/2021-16:07:00 PM
Webinar on Growth Prospects and Opportunities of Vietnam in 2021
(MPI) – A webinar on Growth Prospects and Opportunities of Vietnam in 2021 was organized by the Ministry of Planning and Investment (MPI) in coordination with the Singapore Business Federation (SBF) in Hanoi on July 2nd, 2021.
Deputy Minister Nguyen Thi Bich Ngoc spoke at the meeting. Photo: MPI

The webinar includes Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc, Ambassador Extraordinary and Plenipotentiary of Singapore in Vietnam Jaya Ratnam, Ambassador of Vietnam in Singapore Mai Quoc Dung and leaders of Singaporean corporations and enterprises; representatives of relevantDepartment,AgenciesandCentres of the MPI.

This is the opening event in a series of events within the framework of SBF's new Initiative called FYIstival Initiative (a combination of FYI - For your Information and Festival), focusing on promoting some potential countries for Singaporean enterprises. In 2021, Vietnam and India were chosen as bright spot in this initiative. There will be a series of programs for Vietnamese market after this conference, expected to be in August, October and December 2021 respectively.

At the Webinar,the Ambassador Extraordinary and Plenipotentiary of Singapore in Vietnam, named H.E.Jaya Ratnam said that Vietnam and Singapore had a special relationship and it should be maintained and further strengthened. In the context of Covid-19 pandemic, many companies are facing difficulties but it is also creating more opportunities for both countries to change. This is an opportunity for Singaporean enterprises to seek for potential partners in Vietnam and approach to new developing goals such as e-commerce, smart cities, innovation, logistics, Blockchain technology, creative Singapore week organization and so on.

At the Webinar, Deputy MinisterNguyen Thi Bich Ngoc highly welcomed SBF’s initiatives in organizing this webinar to promote some countries’ themes, including Vietnam. This activity has very practical meanings, not only for Vietnam but also for Singaporean business community to get more information about investment destinations with great potential.

In the context that the global economy is on-going complicated, especially the Covid-19 pandemic, has negatively affected all sides of the social life of numerous countries, including Vietnam. Investment and production activities, especially the global supply chains, are seriously affected. Multinational corporations tend to restructure their production and reposition investment, and Vietnam also has adjustments in investment strategy to suit a new context.Vietnam is highly appreciated the pandemic control in the world. Vietnam becomes a safe destination for investors and has many potential and fiscal space to develop.

Photo: MPI

Framework Agreement on Connecting Vietnam – Singapore, Agreement on investment and trade within ASEAN and CPTPP, RCEP Agreements are the complete and comprehensive legal frameworks to create a favorable environment and policies for the business community. Singapore is the financial and technological center of the region, and Vietnam wishes to cooperate with Singaporean investors in many sectors in the socio-economic development strategy of Vietnam for the period 2021-2030, such as digitization, technology innovation promotion, talents training, infrastructure development, digital economy and so on. Vietnam still has much fiscal space so that the two sides can cooperate.

Webinar is a great opportunity to share new ways of doing things, new investment trends so that the two countries can improve cooperation efficiency. Vietnam also wants to listen to Singapore’s ideas about the investment environment of Vietnam, what to do and how to be more attractive to investors. Vietnam also hopes that the SBF will continue to be a bridge to promote Vietnam to some potential and experienced Singaporean investors. The Ministry of Planning and Investment commits to accompanying investors to seek new investment opportunities, fast and effectively remove difficulties for investors in Vietnam./.

Ministry of Planning and Investment

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