The Vietnam Business Forum took place on Friday in Hanoi on the sidelines of the Consultative Group meeting of donors. Minister of Planning and Investment, Bui Quang Vinh stressed Vietnamese government has set targets of restructuring the economy with more focus on public investment, state-owned enterprises, financial markets and banking system. Mr. Vinh added that Vietnam hopes to receive more assistance from international organizations and donors in this crucial period: “Under the theme “The  next phase of competitive growth for Vietnam”, the forum focused on fields such as banking, capital market, production-contribution, tax and land,  which is closely attached to renovation in Vietnam and helps the country further improve its business environment”.

At the Forum, representatives from organizations and development partners discussed with Vietnamese government measures to make banking system more effective and develop capital market for growth and competitiveness.

According to a survey on business environment in 2011, Vietnamese enterprises are facing difficulties, however, most of them said they are optimistic about Vietnam’s economic prospects in the long term. 70 percent of participating enterprises said they will expand their business in the next 3 years.