Pham Hong Hai, Hongkong and Shanghai Banking Corporation Ltd. (HSBC) Managing Director, said that in the context of a changing world economy, Vietnam is emerging as a spotlight in the region with its advantageous competitive labour cost, and political and macro-economic stability.
Prime Minister Nguyen Xuan Phuc (C), Deputy Prime Ministers Truong Hoa Binh, Vuong Dinh Hue, Vu Duc Dam, Trinh Dinh Dung attending the national business conference. Photo: VGP
The country has become a production centre with a number of big projects and billion-USD contracts, he stated, adding that the Government’s commitment to becoming an incorruptible, active and constructive Government also helps inspire the business community.
Hai suggested the Government pay attention to connecting domestic and foreign-invested enterprises as well as to the fields that Vietnam has competitive advantages.
Businesses should invest in technology in order to develop and compete sustainably, while the nation should intensify educational reform in order to increase labour productivity and speed up the national renewal, especially in the context that Vietnam is integrating into the global economy, he added.
PM Nguyen Xuan Phuc and delegates at the conference. Photo: VGP
Representing construction businesses, Le Van Kiem, Chairman of the Board of Directors of the Long Thanh Golf Investment and Trading Joint Stock Company, expressed concern over the financial matter.
He proposed the Government act as a guarantee for interest rates to facilitate the implementation of long-term projects.
Meanwhile, Pham Van Son, member of the directors’ board of BMJ Group, requested the Government to seek ways to help livestock breeders, and veterinary medicine and cattle-feed companies and distributors deal with difficulties by rescheduling debt payment for them.
Nguyen Duu De, Chairman of the Hop Luc Joint Stock Company cum President of the Business Association of Thanh Hoa province and President of the Vietnamese Private Hospital Association, emphasised the need to rearrange the public servant staff in order to raise the efficiency of the Government resolution.
It is also necessary to attract the involvement of private enterprises in the health sector to share overloads of state-owned hospitals.
In the real estate sector, President of the Ho Chi Minh City Real Estate Association Le Hoang Chau showed his hope that the Government will consider solutions to tackling hidden risks of the real estate market, including permitting land use and land-related asset rights mortgaged at foreign banks and revising the law on investment and businesses.
Source: VNA