Deputy Prime Minister Vu Duc Dam affirmed that the Vietnamese Government always opens its door to foreign enterprises in his speech at the Vietnam Business Summit 2019 held in Hanoi on October 16.

 

He highlighted that Vietnam’s economic growth ranked second globally as announced by the World Bank, making the country a destination for many firms across the world.

 

The official suggested that businesses should pay attention to infrastructure, finance, banking, land as well as workforce training.

 

Vietnam is now ready for the fourth industrial revolution, he said, adding that the country has stepped up the aplication of information technology in diverse areas, with improving information safety and security.

 

President of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said prestigious international organisations are optimistic about Vietnam’s economic growth. Up to 90 percent of domestic and foreign business community expressed their belief that business climate will become better in the near future.

 

As many as 130,000 enterprises were established or resumed operations in the first nine months of this year and 70 percent of foreign-invested firms planned to further expand operations in Vietnam, he said.

 

According to him, the Vietnamese Government has successfully launched an action programme to develop e-government and build infrastructure for a digital economy.

 

The information technology adoption index went up 54 places in the World Economic Forum’s rankings 2019 with increasing number of mobile phone subscribers and Internet popularity, boding well for software production and digital application in economic sectors, thus opening up opportunities for investors at home and abroad, Loc said.

 

Participants at the event discussed measures to digitise economic sectors such as finance, agriculture and production.

 

The event attracted over 800 delegates, including nearly 300 foreign ones who also attended the Asia Business Summit 2019./.