On Thursday, September 13th, CEEC participated in the Vietnam Business Summit 2018 (VBS 2018). At the forum we could listen to the speeches of HE Nguyen Xuan Phuc, Prime Minister of the SR Vietnam and Mr. Borge Brende, President of World Economic Forum (WEF), on the role of Vietnam in the ASEAN and Global value chains.
“PM Phuc said that Vietnam’s reform achievements over the last 30 years of its open-door and integration policies have been made alongside the trend of global trade liberalisation. However, the economy still falls short by its expectations, with Vietnamese firms still not deeply footed in global value chains”.
Mr. Brende congratulated Vietnam for its rapid growth since 2010, the year the WEF was first held in Vietnam. He also hailed the country’s many economic reforms in the past few years, particularly the measures to control public debt and ensure the stability of public finance. More can be read here.
During VBS sessions many other topics were discussed, among others a solution of the challenges in future of jobs in ASEAN, expatriates as a potential source for growth.