Hanoi (VNA) – The mid-term Vietnam Business Forum (VBF) 2019 willhighlight the role of the business community in rapid and sustainabledevelopment, heard a press conference in Hanoi on June 25.

Nearly 600 delegates from government agencies, international organsiations,sponsors, and business associations are expected to partake in the event.

VBF is a dialogue mechanism between the Vietnamese government and enterprisesat home and abroad, aiming to promote the development of private businesses, improvethe investment environment, and contribute to national sustainable economicgrowth.

Working groups in investment-trade, tax-customs, infrastructure, agriculture,electricity-energy, capital market, education-training, human resources, andtourism will report at the forum.

Participants will talk about relaxing regulations to boost rapid development inassociation with sustainability; developing global green supply chain;reforming customs procedures to compete with neighbouring countries; addressingregulations that hinder the expansion of investment; and supporting businessesto look towards sustainable economy and innovation.

They will also mention criteria for rapid and sustainable infrastructuredevelopment including energy, public-private partnership (PPP), wastetreatment, and public transport, and ways for businesses to access Vietnamesecapital market in a sustainable manner, as well as development of e-governmentand digital economy.

Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loctold the press that the theme of the forum is suitable with the currentrequirements of the Vietnamese economies, including reforming growth models andimproving investment quality.

He said after theprevious editions, more than 60 percent of the proposals made by VCCI andbusinesses have been addressed by the Government, ministries anddepartments. 

However, businesspost-registration, reform and settlement of administrative procedures are stillone of the concerns that the business community wants the Government,ministries and departments to pay more attention to addressing, he said.

Research from internationalorganisations indicated that Vietnam ranks last in terms of businessadministration in the ASEAN-6 leading economies, he said.

Therefore, improving thebusiness environment and administration is one of the leading tasks of theGovernment, ministries and departments, he stressed.

Virginia Foote, whoco-chairs the forum, agreed that increasing competitiveness is the key forbusinesses to gain success.-VNA