International expert hails Vietnam’s contributions to WEF
Updated : Wednesday, January 23, 2019 3:15 PM (GMT+0700)

Dr. PierreGroning, Director Advocacy of Amfori – a Belgium-based global businessassociation – has applauded Vietnam’s increasingly important contributions tothe World Economic Forum (WEF). 

Illustrative image - Photo: AFP/VNA

In an interview with a VietnamNews Agency’s correspondent in Brussels, Belgium, Groning said Vietnam wasdemonstrating itself as a country that protects and promotes multilateralorder. 

Vietnam relies much on external trade and the country’s tradeas the percentage of gross domestic product (GDP) exceeds 200 percent, he said,adding Vietnam should maintain cooperation with foreign partners to show localbusinesses are operating in the best conditions.   

Meanwhile, Pascal Kerneis, Managing Director of the EuropeanServices Forum (ESF), highlighted Vietnam’s achievements in the fourthIndustrial Revolution over recent years. 

Vietnam joining the Comprehensive and Progressive Agreementsfor Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement(EVFTA) signaled it wants to participate in the globalisation process and thefourth Industrial Revolution, he said. 

Kerneis voiced his support for Vietnam’s efforts to engage inglobal supply chains. 

Vietnam forms part of the production network that churns outproducts for the world and this is one of the reasons why the country hasbecome an attractive destination for investors, he said. 

However, the country should work to maintain investors’confidence as they may turn to other destinations like Bhutan, Nepal andAfrican countries when labour costs increase in the Southeast Asiannation. 

According to Kerneis, Vietnam’s target of a digital economywould be realised thanks to its contingent of creative youths.

Source: VNA

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