VIR conference attracts hundreds of participants
VIR conference attracts hundreds of participants
Hundreds of government officials, senior economists, international organisations, and the business community participated in a major foreign investment conference hosted by VIR to discuss the contributions of foreign-invested enterprises to the country's development.
On the morning of May 15, Vietnam Investment Review held the conference “Strong Investment Partnerships for a Thriving Vietnam.”
The conference was organised amid ever-stronger competition among developing countries in attracting foreign investment, with foreign investment inflows forecast to decline in 2023.
According to the United Nations Conference on Trade and Development, global foreign investment flows tend to focus on high technology, innovation, research and development, green economy, digital economy, circular economy, and clean energy. These are all areas in which Vietnam is making many special incentives and support measures.
Just over three weeks ago, at a conference to meet foreign investors, Prime Minister Pham Minh Chinh said he appreciated the determination and efficiency of businesses, and foreign investors in doing business in Vietnam in the spirit of trust, sincerity and responsibility.
These factors are key to successful cooperation between the two parties and when these factors are present, difficulties and problems will be resolved more efficiently, the PM said.
Le Trong Minh, editor-in-chief of VIR said, “We believe that now is the reasonable time for us to share, discuss and evaluate together to draw lessons from successful models in foreign investment cooperation, identify new trends and successful competitive opportunities in attracting new capital flows, especially high-quality foreign investment flows."
"Besides this, it is necessary to propose ideas and solutions to overcome problems to promote foreign investment flows into Vietnam, and improve Vietnam's position in the global production chain in line with the Party and state's plan.
“Such good experiences, ideas and solutions will certainly be useful to the investment resonance of the foreign-invested economic sector – an important component of the Vietnamese economy – and other economic sectors continue to promote their strength and contribute to the prosperity, and sustainable development of the country.”
Minh added that Vietnam had become a leading country and achieved many important achievements in attracting foreign investment in the country.
“Your stories and sharing are also very meaningful in enriching information about the journey of attracting foreign investment to Vietnam over the past 35 years since the Law on Investment took effect in 1988. This brief information has been partly expressed in the special publication '35 years of attracting foreign investment in Vietnam' that you hold in your hands today,” he said.
With four keynote speeches and two-panel discussions, the event covered success stories, lessons to learn, future plans, and possible solutions to welcome new investments across a range of sectors nationwide.
During the first-panel discussion, business leaders from HSBC Bank, Frasers Property Vietnam, DKSH, Nestlé, Hoiana Resort & Golf, and AIG shared success stories and lessons learned from businesses as well as their operations in Vietnam.
The discussion "Fostering new capital flows" had the presence of leaders of the Ministry of Planning and Investment, economic experts and representatives of international organisations such as the German Development Agency, renewable energy with CME Solar, and international educational investment enterprise such as British University.
The discussion focused on Vietnam's policies towards foreign investors, and comments on investment trends and tastes of foreign investors in Vietnam.
In addition, experts also provided identification of new capital flows and competitive opportunities in the region, especially high-quality foreign investment flows into Vietnam.
