The Deputy PM was hosting a working session with the theme "Vietnam’s Economy", co-chaired by Sushant P Rao, head of the WEF’s East Asia region.

Mr Hai said he highly appreciated the role of foreign investors in the development of Vietnam and was confident that the country would remain a favourite destination for investors.

Vietnam’s sustainable economic growth in the middle and long term, its stable political and social environs, abundant potential sources of labour. and little tapped local market have been Vietnam’s strongholds, Mr Hai said.

The Deputy PM said Vietnam was on its way to integrating into the world economy and was fully aware that it was not immune to the global economic crisis. Strong and effective measures by the Government to boost investment and consumption had seen visible results. He talked about Vietnam’s economic strategies in the long run, especially in infrastructure development, exports, food security and preparations for climate change.

On the same day, Mr Hai visited Samsung Electronics headquarters in Seoul. He reiterated the Vietnamese Government’s consistent policy on providing foreign investors with favourable conditions to expand hi-tech and high value added industries in Vietnam. Mr Hai also held sideline talks with participants at the forum on June 18^th.

He said the Vietnamese Government always encouraged domestic businesses to join in WEF-advocated activities and appreciated the decision of WEF’s Board of Directors to include Vietnam’s 10 large enterprises to the forum.

He said he agreed with WEF leaders that Vietnam had adequate conditions to host the next WEF on East Asia in 2010.

The Deputy PM also attended a business meeting for Vietnamese major enterprises and their foreign partners to discuss opportunities for business co-operation, share information and experience of engaging in WEF activities.

On this occasion, Mr Hai also met Vice President of the Republic of Korea’s Kumho Asiana group, which had expressed interest in doing business in Vietnam.