Int’l roundtable on Vietnam’s economy

More than 300 domestic and foreign economic leaders gathered at the second Business Roundtable with the Vietnamese Government on March 17 to discuss the impact of the global financial crunch on Vietnam as well as its development strategy and economic measures.

Addressing the seminar entitled ‘Positioning Vietnam for Future’, Deputy Prime Minister Nguyen Sinh Hung expressed his belief that the world economy in general and the Vietnamese economy in particular will recover by the end of 2009.

He said the Vietnamese Government has changed from curbing inflation to stemming economic decline, promoting exports, ensuring social security and reducing poverty.

The government’s efforts have kicked in as the February indices increased from the previous month, said Mr Hung. The economy is expected to enter a new period of stable development starting in 2010.

int’l roundtable on vietnam’s economy hinh 0

Delegates to the 2nd Business Roundtable

Paul Leech, HSBC Asia-Pacific Head of International, said better understanding between the Vietnamese leadership and international investors will serve as an important factor in the future success of the Vietnamese economy. He mentioned the presence of leading banks at the Roundtable as evidence that Vietnam remains an important destination for the shareholders of his bank.

Mr Leech urged the Vietnamese Government to boost financial reforms and turn the country into an attractive destination for foreign investors.

The Business Roundtable, which lasts from March 17-18, is co-organized by the UK’s prestigious The Economist magazine, the Vietnamese Ministry of Foreign Affairs and Vietnam’s World & Vietnam newspaper./.