Restoring the economy and developing supply chain in the new normal
Restoring the economy and developing supply chain in the new normal
The annual Vietnam Business Forum, which currently takes place in Hanoi, is providing comments and solutions for restoring the economy and developing supply chains in the new normal.
The event, co-chaired by the Ministry of Planning and Investment (MPI), International Finance Corporation, and VBF Consortium, is attended by hundreds of government leaders and representatives from ministries, associations, and the business community.
The forum also welcomes Prime Minister Pham Minh Chinh to deliver a speech.
VBF provides a platform to engage in high-level public-private policy dialogue with government officials to improve business conditions, promote the development of private businesses, and facilitate the investment environment, contributing to Vietnam’s sustainable economic growth.
There are three sessions in the VBF to highlight the contribution of the business community in the economic restoration; their role and responsibilities in developing stable and sustainable supply chains; and the identification of local and foreign businesses in supply chains.
On February 18, the technical session of VBF took place with MPI Deputy Minister Nguyen Thi Bich Ngoc as co-chair and chairman of VBF Consortium Tetsu Funayama. At the technical session, the working groups delivered reports related to restoring supply chains to ensure the circulation of goods and smooth production, attracting investment flows into large-scale investment projects, improving regulatory reforms to international standards, developing human resources, competitiveness, and a sustainable economy.
At the technical session, MPI Deputy Minister Ngoc highlighted that VBF is like a friend accompanying Vietnam’s government, providing useful input to all ministries and agencies to build policies that are creating the most favourable conditions for investors.
"At VBF, we highly appreciated the enthusiasm and wisdom of the business community to raise many useful recommendations and input for the government to build policies in the time coming," said Ngoc. She emphasised three current issues at the technical session: shortcomings of legal policies implementation, overlapping and conflicting regulations, the digital economy and the need for an appropriate legal framework.
The MPI will collect recommendations and send them to the government to steer ministries and agencies and hold further dialogues on specific issues, Ngoc explained.
