Dr. Francis Hutchinson has remarked that some presentations pointed to Vietnam’s advantages as being well-located to act as a transport hub, linking mainland Southeast Asia and southern China with the eastern part of Southeast Asia, and regulatory changes in relations to legal recognition of the private sector and greater openness to trade and investment.
According to Dr. Francis Hutchinson, presenters also raised recommendations to Vietnam, including state-owned enterprise reform, greater transparency in regulation, increasing the quality of post-secondary education and strategic pursuit of free trade agreements.
He added that the Government of Vietnam should build up business environment conducive to global investors, continue financial market reform that effectively builds up efficiency and private sector participation, and solve some social issues relating to poor education system and income disparities.
Assistant Professor Vu Minh Khuong of the Lee Kuan Yew School of Public Policy, told Vietnam News Agency’s Singapore-based reporter that speakers at the Vietnam Forum all put forward ideas meaningful for Vietnam and Singapore to study in order to elevate bilateral relations.
