Role of business in promoting national competitiveness discussed by officials

Source: Pano feed

NDO/VNA – Vietnamese officials and entrepreneurs as well as top experts from the World Economic Forum (WEF) shared opinions on ways to promote the role of enterprises in enhancing national competitiveness in the context of increasing regional and international integration during a conference in Hanoi on November 28.


According to Deputy Foreign Minister Bui Thanh Son, the Vietnamese Government always defines the improvement of business environment and competitiveness as a key task in the country’s socio-economic development strategy.


Along with revising the growth model and restructuring the economy, Vietnam has rolled out strong measures to improve its business climate and competitiveness, he added.


Thanks to its reform efforts, Vietnam has become a middle-income country with its dynamic economic development, making it an attractive investment destination in the region, he stated.


WEF Managing Director Philipp Roesler said Vietnam’s largest advantage is its young workforce. Therefore, promoting the education and training development and supplying knowledge and skills in combination with market and business demands are the best ways to improve Vietnam’s competitiveness.


He also emphasised the need to better economic policy, as well as to invest more in infrastructure, to connect rural areas with economic hubs of the country, and to develop information technology.


Director of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stated that competitiveness plays an important role in the current regional and international integration, especially when Vietnam joins the ASEAN Community and signs free trade agreements with a number of other countries and the Trans-Pacific Partnership (TPP) Agreement.


Participants at the event also discussed factors affecting the competitiveness of enterprises and their contributions to the national competitiveness.




Đăng ký: VietNam News