Deputy PM briefs on VN development

Deputy Prime Minister Hoang Trung Hai answered many questions about Viet Nam's policy of macroeconomic stabilisation, global integration and its business environment at the fourth Global Entrepreneurship Summit (GES) in Kuala Lumpur, Malaysia on Friday. 

Hai attended the plenary opening session as an honorary guest of Malaysian Prime Minister Najib Razak. He was a speaker leading a discussion titled "Building a vibrant entrepreneurial ecosystem" along with the Cambodian Deputy Prime Minister, the US Secretary of Commerce, the Malaysian Minister of International Trade and Industry and Singaporean Minister of Trade and Industry.

Deputy Prime Minister Hoang Trung Hai at the fourth Global Entrepreneurship Summit. (Photo VNA)

In his speech, Hai called for the United Nations, the G20 group of major and emerging economies, the International Monetary Fund, the World Bank and the World Trade Organisation to take on more involved roles in global governance, trade liberalisation, investment facilitation and the control of financial flows.

The discussion drew about 300 delegates to share experiences and policies to enhance capacity and connect businesses.

Initiated by US President Barack Obama, the GES has been held annually since 2010 to forge a dialogue channel between the business community and world leaders. This year's event attracted over 4,000 delegates from over 100 countries worldwide.

Chairing the Viet Nam economic forum in Malaysia the same day, Hai briefed attendees of Viet Nam's economic strength and achievements, and its potential co-operation with Malaysia at a time when the Association of Southeast Asian Nations is building the regional community.

Viet Nam welcomed and pledged to offer all possible support to Malaysian firms in the country, he said.

He also answered queries about Viet Nam's policies on foreign-invested firms, especially administrative procedures, investment licensing, land policy and human resources training.

The same day, Hai met with Malaysian Deputy PM Mohamad Haji Yassin, during which the two sides voiced pleasure at the developments in friendly relations and bilateral co-operation, particularly in politics, economics, defence, labour, education and training. They highly valued the close co-ordination of the two countries' relevant agencies in successfully organising a host of meaningful activities during Viet Nam-Malaysia Year 2013.

The two Deputy PMs agreed to step up all-level delegation exchanges, strictly implement the signed agreements and draft new ones. Both countries' enterprises are also encouraged to invest in the other country in their fields of strength such as oil and gas, electricity and new urban residential buildings.

Yassin spoke highly of Viet Nam's great improvement, particularly in agricultural development, and welcomed Vietnamese enterprises to invest in tra fish breeding and processing in Malaysia.

The Malaysian Deputy PM is scheduled to visit Viet Nam this month and sign several co-operation documents in education and training, agriculture and aquaculture. — VNS



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