Under the theme “Enhancing Efficiency & Competitiveness of Vietnam’s Economy,” the Vietnam Business Forum (VBF) was held in Ha Noi on May 26 to establish a crucial channel of communication between private sector, donors and the Government for a better business environment in the country.
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The Vietnam Business Forum is a prestigious and periodical channel of communication between private sector, donors and the Vietnamese Government, Ha Noi, May 26, 2010
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Participants took the occasion to openly discuss such issues as socio-economic development, infrastructure, human resources, administrative procedures reform, laws and taxation, and energy saving in Vietnam.
The Vietnamese economy has substantially progressed with impressive growth rates of 5.32% in 2009, 5.8% in early 2010, and expectedly 6.5% in 2010, said a representative of the EuroCham.
Regarding human resources, delegates held that the biggest challenge to the tertiary education and vocational training in Vietnam is how to balance the higher recruitment demand and the harsh requirements for training quality.
As the number of students is projected to surge 3.4 times in the coming time, it is necessary to create a legal framework for the private sector to engage in education and training.
According to donors, administrative procedures on land remain troublesome, so that obstructing foreign investment inflow into Vietnam.
Addressing the forum, Minister of Planning and Investment Vo Hong Phuc appreciated the helpful opinions of enterprises and donors about the top three issues of infrastructure, human resources and administrative procedures. According to Mr. Phuc, the Vietnamese Government will consider and find solutions to these issues in order to secure a better business environment here./.