Vietnam Business Forum looks to boost private sector growth
The year-end session of the Vietnam Business Forum (VBF) in 2017 is set to focus on measures to improve productivity and boost the development of the private sector.
Hanoi (VNA) – The year-end session of theVietnam Business Forum (VBF) in 2017 is set to focus on measures to improveproductivity and boost the development of the private sector.
At a recent press conference in Hanoi before the annualevent, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu TienLoc said the VBF, which is held twice a year, is a dialogue mechanism betweenthe Vietnamese Government and enterprises from both domestic and foreign-investedsectors.
In a report submitted to the Government, the VCCI acknowledgedsignificant improvement made to the local business climate, particularly afterthe National Assembly passed the Law on Support for Small- and Medium-sizedEnterprises (SMEs). The implementation of Resolution 19-2017/NQ-CP on enhancingbusiness environment and national competitiveness, and of Resolution 35/NQ-CPon supporting growth of enterprises toward 2020 was also said to contribute tothe outcome.
Hirohide Sagara, Co-Chairman of VBF Consortium's ManagementBoard, said that along equitisation to promote private sector, other potentialmeasures include maintaining a stable business climate, cutting cost, andinvesting in infrastructure.-VNA
The Midterm Vietnam Business Forum 2017 (VBF 2017) will be held at Sheraton Hotel in Hanoi on June 16, announced the Vietnam Chamber of Commerce and Industry (VCCI).
Places with stable and favourable policies which promote business linkages are magnets for foreign investment, said Chairman of the Japanese Business Association in Vietnam Sagara Hirohide.
The need to bring about some degree of parity between foreign-invested and domestic firms while fostering increased linkages was highlighted at the Vietnam Business Forum held on June 16 in Hanoi.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Scene at the press conference (Photo: VNA) 
