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Business forum addresses economic reforms VNTimes

@ vntimes.info


How to accelerate economic reforms to facilitate business operations wasa major theme of the Vietnam Business Forum that opened in Hanoion June 3. Deputy Prime Minister Vu Van Ninh attended the event.

As the largest business dialogue venue in the country, the forum isthe mid-term event of the Consultative Group Meeting of Donors forVietnam under the auspices of the World Bank’s International FinanceCorporation and the Ministry of Planning and Investment.


It is the second year that the Associations of Local and ForeignBusinesses have chaired the event and recommended policies to theGovernment.


The event started with a general assessment of the domestic investment environment.


Ten reports on banking, capital market, education, infrastructure, investment and trade were also delivered.


According to Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce & Industry, delegates discussed the new draft Constitution, which is vital to thedevelopment of businesses. Secondly, they shared the view thatcorporate income tax should be cut to 20 percent, especially for largecompanies, to drive the local economy, he said.


As manyas 500 delegates from the Government, ministries, departments, domesticand foreign enterprises attended the event.


Theforum offers a chance to forge a continuous and close dialogue mechanismbetween the Governments and businesses at home and abroad. It aims toimprove business and investment conditions to boost the development ofthe non-state sector, contributing to Vietnam ’s sustainable economicgrowth.-VNA









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