Vietnam embarks on extensive economic reforms to drive economic expansion
Vietnam has successfully implemented economic reforms to drive its economic growth into the next decade, speakers said at one of Asia’s largest economic forums in Binh Duong Province.
More than 650 delegates, including leaders, government officials, and top business executives from Vietnam and across Asia, are participating in the 2023 Horasis Asia Meeting that opened on December 4.
Addressing the opening ceremony, Vo Van Minh, chairman of the provincial People’s Committee, said the Horasis event was an important international event in the province after it was recognised by the Intelligent Community Forum (ICF) as the Intelligent Community of the Year.
“Binh Duong Province will continue fostering investment, expanding international cooperation, and improving Vietnam’s position in the economic community in Asia and the world,” he noted.
Dr. Frank-Jürgen Richter, chairman of the Horasis Asia Meeting, said, “We’re very impressed with the potential of the Vietnamese economy and Binh Duong Province, which is one of the country’s major economic hubs with strong industrial development. That’s why we chose Binh Duong to host the Horasis Asia Meeting again this year.”
“Binh Duong is home to a well-established ecosystem with good infrastructure with a state-of-the-art conference centre, and we have had great support from the local government as the host of our meeting,” he noted.
Vietnam’s easing of business regulations, particularly those that support inward investment, would help create jobs for young people and increase exports for the country’s new green industries, experts noted.
The Horasis Asia Meeting aims to identify the trends that will shape the country’s economic development and drive it towards new global growth.
The event will host two symposiums focused on Binh Duong Province, delving into the Binh Duong Smart City development strategy and the challenges related to innovation and creativity in the province.
The forum will also feature six plenary sessions and 28 dialogue sessions, which will provide an opportunity for organisations, businesses, and managers in Bình Dương to access knowledge, visions, and new trends in the 4.0 technology era.
This year’s Horasis Asia Meeting, the fourth of its kind held in Binh Duong, is co-organised by Binh Duong Province and Becamex IDC in Binh Duong New City.
Established in 2005, the Horasis Asia Meeting is an international investment promotion organisation that connects multinational groups of investors.
It has become the leading annual meeting for Asian business leaders and their global counterparts.
In addition to the Horasis Asia Meeting, Horasis also hosts the annual Horasis Global Meeting, Horasis China Meeting, Horasis India Meeting, and others.
Binh Duong’s industrial production index in 2023 expanded by 6.5% compared to the previous year.
The province’s exports reached US$31.8 billion, while its investment attraction was estimated at US$1.4 billion as of the end of November.
