Vietnamese officials and entrepreneurs as well as top experts fromthe World Economic Forum (WEF) shared opinions on ways to promote therole of enterprises in enhancing national competitiveness in the contextof increasing regional and international integration during aconference in Hanoi on November 28.

Accordingto Deputy Foreign Minister Bui Thanh Son, the Vietnamese Governmentalways defines the improvement of business environment andcompetitiveness as a key task in the country’s socio-economicdevelopment strategy.

Along with renovating the growth model andrestructuring the economy, Vietnam has rolled out strong measures tobetter its business climate and competitiveness, he added.

Thanks to its reform efforts, Vietnam has become a middle-incomecountry with its dynamic economic development, making it an attractiveinvestment destination in the region, he stated.

WEF ManagingDirector Philipp Roesler said Vietnam’s largest advantage is ayoung workforce. Therefore, promoting the education and trainingdevelopment and equipping knowledge and skills in combination withmarket and business demands are the best ways to improve thecompetitiveness.

He also emphasised the need to better fiscalpolicy, invest more in infrastructure, connect rural areas and economichubs, and develop information technology.

Directorof the Vietnam Chamber of Commerce and Industry Vu Tien Loc stated thatcompetitiveness plays an important role in the current regional andinternational integration, especially when the country joins the ASEANCommunity and signs free trade agreements with many countries and theTrans-Pacific Partnership (TPP) Agreement.

Participants at the event also discussed factors affecting thecompetitiveness of enterprises and their contributions to the nationalcompetitiveness.-VNA