On behalf of the Government of Vietnam, PM Nguyen Xuan Phuc welcomed the delegates to the VBS and shared with them the vision and the action plan for the reform by the Government of Vietnam in order to build a safe, convenient and transparent business environment.

PM Nguyen Xuan Phuc speaking at the event

Meanwhile, leaders of ministries, provinces, and enterprises shared a variety of investment and business opportunities which are plentiful, such as in agriculture, financial markets, health, education, infrastructure, special economic zones, start-ups and innovation, etc.

In his opening remarks, Chairman of the VBS Vu Tien Loc said that with a strategic geo-economic location, Vietnam lies in the confluence of the economies of East Asia and Southeast Asia. Additionally, Vietnam has young and abundant human resources. Vietnam is a high-growth economy with a high level of commitment to further development and global integration.

“We would like to say to you that: we wish you to come to Vietnam to invest so that we all can win,” Loc affirmed.

He also pointed out some weaknesses of the country’s economy: Being a late comer, Vietnam’s capacity in finance and technology remains low. Vietnamese business sector has grown in recent years, but our expertise and experience remains modest. Business models and governance, especially in micro-, small- and medium-sized enterprises, are not at the most advanced level yet.

Delegates at the event 

Therefore, at this summit, Vietnam hopes that leading CEOs and international delegates share the solutions and recommendations for the country’s institutional reform and business models.

“We are particularly interested in experiments in the following areas: smart agriculture, special economic zones, digital age, innovation and start-ups,” Loc stressed.

“When the world’s giants come here, we have opportunities to have huge investment and business projects,” he added.

The chairman also said that a few decades ago, Vietnam’s late Deputy Minister of Foreign Affairs, Le Mai, made a powerful statement, “Vietnam is no longer a war. Vietnam is a country.” However, today, there is an ever-changing Vietnam, full of life.

“Vietnam is a growing country and a reliable business partner. Vietnam: We Mean Business,” said Loc.

Reported by Van Yen, Ngoc Hung, Trong Hai, Lam Toan