Investment
With tight Davos agenda, Vietnam PM shows nation's active role
Vietnamese Prime Minister held bilateral talks and dialogues with a number of global high-ranking officials.
Vietnam has proved to be an active member at the World Economic Forum (WEF)’s ongoing annual meeting held in Davos, Switzerland by a series of meetings between Vietnamese Prime Minister Nguyen Xuan Phuc and the world’s high-ranking officials.
During the annual event, from January 22 to 25, the PM has attended bilateral talks and dialogues with Jyrki Katainen – Vice-President of the European Commission, the WEF’s President Børge Brende, Her Majesty Queen Máxima of the Netherlands – the United Nations Secretary-General’s Special Advocate for Inclusive Financing for Development.
He also worked with Chief Executive of Hong Kong Carrie Lam, Romania’s Vice Prime Minister Ana Birchall, Angel Gurría – Secretary-General of the Organization of Economic Co-operation and Development (OECD).
Phuc also held the meeting with the world’s giant corporations namely Siemens, Qualcomn, Google, Total, Allianz, JBIC, GE, Prudential, and tech firms which Vietnam is eager to cooperate in the context of the Fourth Industrial Revolution (Industry 4.0).
Firm commitment to international investors
The talks and dialogues focused on two main issues including Vietnam’s commitment to institutional reforms, and business environment improvement.
Making changes from policies will enable Vietnam to offer a better business environment to maximize investors’ benefits, the PM emphasized at the dialogue named “Vietnam and the World” which was broadcast live on the WEF’s postal on January 24.
Meanwhile, the country is building its capacity toward the activation of the Industry 4.0 with well-prepared strategies for further integration into the global economy, the PM said, adding that offering a world-standardized business environment will help remove barriers against creativeness.
Raising capital for startups is among Vietnam’s key investment portfolios. Thanks to policies favoring startups, the number of venture capital funds amounted to more than 40 in 2017, doubling that in 2015. In 2018, investors at only one national event pledged to pour an amount of US$7.8 billion into Vietnamese startups.
The PM said that Vietnam has been preparing for the sustainable growth from now on amid global uncertainties by closely following four main factors namely (i) stabilizing socio-economy and mostly macroeconomics, (ii) activating new growth models which are based on digital economy, (iii) continuing institutional reforms in line with international treaties, (iv) stepping towards the world’s integration.
Vietnamese PM Nguyen Xuan Phuc with Her Majesty Queen Máxima of the Netherlands. Photo: VNS
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PM Nguyen Xuan Phuc with Hong Kong's Chief Executive Carrie Lam. Photo: VNS
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PM Nguyen Xuan Phuc (R) with Siemens' President Joe Kaeser. Photo: VNS
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Firm commitment to international investors
The talks and dialogues focused on two main issues including Vietnam’s commitment to institutional reforms, and business environment improvement.
with the WEF’s president Børge Brende. Photo: VNS
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Meanwhile, the country is building its capacity toward the activation of the Industry 4.0 with well-prepared strategies for further integration into the global economy, the PM said, adding that offering a world-standardized business environment will help remove barriers against creativeness.
Raising capital for startups is among Vietnam’s key investment portfolios. Thanks to policies favoring startups, the number of venture capital funds amounted to more than 40 in 2017, doubling that in 2015. In 2018, investors at only one national event pledged to pour an amount of US$7.8 billion into Vietnamese startups.
The PM said that Vietnam has been preparing for the sustainable growth from now on amid global uncertainties by closely following four main factors namely (i) stabilizing socio-economy and mostly macroeconomics, (ii) activating new growth models which are based on digital economy, (iii) continuing institutional reforms in line with international treaties, (iv) stepping towards the world’s integration.
