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 renovating the growth model and
restructuring the economy, Vietnam has rolled out strong measures to
better 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 a
young workforce. Therefore, promoting the education and training
development and equipping knowledge and skills in combination with
market and business demands are the best ways to improve the
competitiveness.
He also emphasised the need to better fiscal
policy, invest more in infrastructure, connect rural areas and economic
hubs, and 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 the country joins the ASEAN
Community and signs free trade agreements with many 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.-VNA