|Prime Minister Nguyễn Xuân Phúc delivered a speech at the 26th World Economic Forum on ASEAN (WEF ASEAN) held in Phnom Penh, Cambodia. — VNA/VNS Photo Thống Nhất|
Prime Minister Nguyễn Xuân Phúc made the pledge at a meeting yesterday with representatives from 21 world leading companies from the US, Canada, Japan, the Republic of Korea, the UK, Switzerland, Singapore and China’s Hong Kong, at the 26th World Economic Forum on ASEAN (WEF ASEAN) in Phnom Penh, Cambodia.
He said doing business in Việt Nam will give foreign investors access to not only a market with 93 million people in Việt Nam but also the greater market of ASEAN and the world, as the country has signed 12 free trade agreements, and is pushing ahead with negotiations on four other pacts.
The PM told the audience that Việt Nam’s renewal process and open policies have helped domestic and foreign businesses reap success doing business in the country.
At the meeting, WEF Managing Director Philipp Roesler described the
Participating entrepreneurs recognised Việt
The same day, Phúc attended a talk on Việt
The country will push ahead with the improvement of the market economy institutions and strongly encourage the development of the private economic sector to become an important driving force in the domestic economy, he said.
He re-affirmed the resolve to build a development-facilitating government, restructure the economy and reform the country’s growth model.
On the same day, Phúc met with leaders of major businesses on the sidelines of the World Economic Forum (WEF) on ASEAN 2017.
While receiving Magesvaran Surajan, President of Asia Pacific Selling and Market Operations of the
At a meeting with Linda Seah, Vice President of Ireland’s Shire Plc, Phúc hailed the group’s application of high technology in medical treatment in Việt
The Vietnamese leader also met with Doreen Steidle, Asia-Pacific Regional Head for Group Government Affairs with the
Talking with Vice President of the
Việt Nam as 2018 WEF- ASEAN host
Phúc wrapped up his activities at the World Economic Forum on ASEAN 2017yesterday with a speech at the discussion on smart infrastructure. The PM also attended a reception marking the transferring of the role of host country for WEF-ASEAN in 2018 from Cambodia.
Addressing the discussion on smart infrastructure, the PM stressed that infrastructure is the prerequisite for economic connectivity and a key issue in building the ASEAN Community.
For Việt Nam, infrastructure development is one of three strategic breakthroughs needed in order to restructure the economic and renew the country’s growth model, he said, adding that the country needs about US$480 billion for investment in infrastructure, to be mobilised mainly from the private sector.
The PM welcomed international companies to invest in infrastructure in Việt Nam, stressing that the Vietnamese Government will facilitate such investment, especially in the form of Public-Private Partnership (PPP).
Receiving the role as the host country of the WEF ASEAN in 2018 from Cambodian Prime Minister Samdech Techo Hun Sen, Phúc said the selection of Việt Nam to host the WEF regional conference demonstrates the strong development of the partnership between the WEF and Việt Nam, as well as between Việt Nam and the international business community.
The PM and the Vietnamese delegation returned home from Phnom Penh later in the day, concluding their two-day attendance at the World Economic Forum on ASEAN 2017. — VNS