02/11/2019 10:18 GMT+7 Email Print Like 0

Singapore forums talks Vietnam’s business environment

The Institute of Southeast Asian Studies (ISEAS) and Fulbright School of Public Policy and Management organised a forum on Vietnam’s business environment in Singapore on November 1, attracting hundreds of experts, scholars and businesspeople.

Participants touched upon Vietnam’s political-economic situation and international economic integration, as well as legal reforms in the country since 2016 and their impact on the local business environment.

They also looked into issues regarding the banking-finance sector, infrastructure, energy and real estate in Vietnam.

In his opening remarks, ISEAS Director Choi Shing Kwok said despite global trade tensions, substantial opportunities are awaiting Vietnam.

When businesses seek to diverse their operation or withdraw from China, they will choose Vietnam that boasts a dynamic and fast-growing economy, and 70 percent of its 90-million population aged below 35.

In an interview granted to the Vietnam News Agency, he lauded Vietnam’s active role in the region and the Association of Southeast Asian Nations (ASEAN) in particular.

As one of the leading nations in ASEAN, Vietnam has a strong strategic vision that the 10-member grouping needs at this time to find its path in the context of global geo-political uncertainties.

Vietnam is also a responsible country in the United Nations, he said, adding that the country is expected to help promote ASEAN’s role and viewpoints to the world.