Vietnamese economy 2016 and development direction in an open-economy context
28 June 2016, 8:30AM - 12:00PM, ICT
Within the framework of the Supporting and Connecting Businesses program sponsored by the Ministry of Planning and Investment, KPMG in Vietnam (KPMG) and Vietnam Association of Foreign Invested Enterprises (VAFIE) facilitated the successful seminar “Dialogue on 2016 Investment Policy”, in which leaders and representatives from more than 180 government offices, domestic and foreign enterprises participated.
In the dialogue on the “Vietnamese economy 2016 and development direction in an open-economy context”, the Minister of Planning and Investment, Nguyen Chi Dung, emphasized that in the first half of 2016, Vietnam’s macro economic environment has stabilized but was not successfully sustained, and the growth rate was still lower than expected. In order to achieve 2016 goals, all parties including the Government, enterprises and the society at large will need to spend more efforts for the rest of 2016. He believes that the successful implementation of the Government’s Resolution No.19 and Resolution No.35 will be an important motivation to boost the economy in the coming time.
Mr. Warrick Cleine – Chairman and CEO of KPMG in Vietnam and Cambodia stated: “Recent efforts of the government and related departments in improving the investment environment are making positive impacts to boost the competiveness and total production capacity of the economy in Vietnam. With the global economic growth, the domestic economy remaining stable and the tightened relationships with important partners in the world, including the integrations into the Trans-Pacific Partnership, the EU-Vietnam Free Trade Agreement and the ASEAN Economic Community, Vietnam is improving the country’s competitiveness and becoming an attractive destination for foreign investors”.