WEF ASEAN 2018: PM holds dialogue with global corporation leaders
Updated : Wednesday, September 12, 2018 3:01 PM (GMT+0700)

PrimeMinister Nguyen Xuan Phuc hosted a dialogue on September 12 with arout 20leaders of multinational corporations who are in Vietnam to attend the 2018World Economic Forum on ASEAN (WEF ASEAN). 

Prime Minister Nguyen Xuan Phuc speaks at the dialogue - Source: VNA

At the dialogue, theVietnamese leader wanted to know what investors expect from the VietnameseGovernment and who are willing to expand investment in Vietnam. 

The PM urged the foreignbusinesses to clarify what adjustments that Vietnam should make to facilitateinvestors’ expansion in the country. 

He asked the participants totalk about issues of their interests as well as biggest concerns while runningbusiness in the country, and called on investors to contribute ideas to helpVietnam make breakthroughs in its development in both short and long terms. 

Speaking at the dialogue,global CEOs appreciated the Vietnamese Government’s management, especially inimproving business and investment environment, and managing macro-economy.

They all committed toworking closely with the Vietnamese Government to carry out its major policies,including building e-Government and developing digital economy. 

Judy Hsu, CEO of Singapore’sStandard Chartered in ASEAN and South Asia said the bank, which has operated inVietnam for 15 years, pledged to continue to promote stronger cooperation inthe country. 

She added that the StateBank of Vietnam recently allowed Standard Chartered to open its 4th branchin Ho Chi Minh City. 

Meanwhile, Simon Milner,Facebook's Vice President for Public Policy in Asia Pacific,said his firm wants to join the implementation of the Vietnamese Government’svision on digital country in the fields of digital citizen, digital economy,digital Government and digital connection. 

Giving recommendations onpolicies for Vietnam to maintain a high growth in the coming time, YasuoTanabe, Senior Vice President of Hitachi - the firm that is participating in ametro project in HCM City, stressed the need for Vietnam to developinfrastructure, digital economy and digital commerce. 

At the same time, representativesfrom Thai Beverage (Thaibev) of Thailand said the group invested about 5billion USD in Sai Gon Beer, Alcohol and Beverage Corporation (Sabeco) ofVietnam, and expressed the belief in Vietnam’s strong economic growth prospect.The group pledged to promote Sabeco brand name to the world.

President and CEO of theGeneral Electric (GE) Company Alex Dimitrief, for his part, said that hisbusiness has some 300,000 staff working across the five continents, including2,000 in Vietnam.

GE has provided equipmentfor Vietnam to generate power and upgrade thousands of power transmissionlines. About 55 percent of the Vietnamese hospitals use at least one technologyof the company, he said, adding that Vietnam Airlines and Vietjet Air havealready bought jet engines of the firm.

Lauding GE for itscommitment to land long-term investment in Vietnam, PM Phuc said that GE hasmade significant contributions to the Vietnam-US relations. 

He told the guests thatVietnam has ordered 200 airplanes from the US, with 200 engines produced byGE. 

Lauding GE’s construction oflarge plants in Ho Chi Minh City and Hai Phong, the PM said the move issignificant to balance trade between Vietnam and the US. 

The Vietnamese Governmentleader affirmed that Vietnam always attaches great importance to foreigninvestors, and is making constant efforts to better business climate tofacilitate foreigners landing investment and expanding business in the country.


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