Addressing the Doing Business in Vietnam forum, Mr Phuc called on the business community to join hands with the Vietnamese Government to sustain the growth. He said that the national economy has been facing a lot of challenges and macro-economic instability has had a growing impact on the production and investment activities of domestic and foreign investors.

He spoke of the country’s high trade deficit and high rate of inflation and said that the Government has adopted many solutions for reigning in inflation. He said the current session of the National Assembly has also agreed with the Government’s plan to adjust major socio-economic development targets, with top priority being given to combating inflation.

Martin Rama, Acting President of the World Bank in Vietnam said that the Government’s solutions have been on the right track and if they are implemented well, Vietnam’s potential will remain unchanged compared to six months ago.

Sin Foong Wong, Director of the International Financial Corporation (IFC) in Vietnam, stressed that in the current context, both the Government and businesses should promote cooperation to maintain reform and growth in a sustainable manner. According to the CEO, the increasing flow of foreign investment over the past five months has testified to investors’ trust in Vietnam.