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P ublic - P rivate D ialogue. V ietnam B usiness F orum Pham Lien Anh VBF Secretariat PPD International Workshop Vienna, April 28-30, 2009. VBF in Brief. A joint initiative between government, the private sector, and the donor community launched in 1998

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Public-PrivateDialogue

Vietnam Business Forum

Pham Lien Anh

VBF Secretariat

PPD International Workshop

Vienna, April 28-30, 2009


Vbf in brief
VBF in Brief

  • A joint initiative between government, the private sector, and the donor community launched in 1998

  • Essential part of the government’s strategy to promote FDI

  • Direct link to CG process

  • Seven sectoral working groups

  • 150 reforms effected

  • App. US$ 240m in savings for the private sector


Vbf structure

Note: Working relationship

Establishing

Supporting

VBF Structure

Consultative Group

(CG)

World Bank

Vietnam Business

Forum (VBF)

Deputy

Prime Minister

International Finance

Corporation (IFC)

Ministry of Planning

& Investment (MPI)

VBF

Secretariat

Inter

-Ministerial

Team (IMT)

Manufacturing &

Distribution WG

MPI

Ministry of Industry & Trade

Ministry of Finance (MOF)

Banking WG

State Bank of Vietnam

(SBV)

Business

Associations

Capital Markets

WG

Ministry of Finance (MOF) &

State Securities Commission (SSC)

Infrastructure

WG

Ministry of Transport

Ministry of Industry & Trade

Ministry of Information & Comms.

Education

WG

Ministry of Education &Training

(MOET)

Mining

WG

Ministry of Natural Resources &

Environment (MONRE)

Tourism

WG

Ministry of Culture, Sports

& Tourism (MCST)/ VNAT


Vbf fdi promotion
VBF & FDI Promotion

  • Strong partnership with foreign business associations and Foreign Investment Agency (FIA)

  • Access to the relevant government agencies through FIA to address FDI-related issues

  • Roundtables with central and provincial governments

    - Respond to investors’ feedback and sentiments

    - Remove obstacles to business and promote FDI projects

  • Inter-Ministerial team to resolve FDI-related issues, including:

    - Dual pricing of goods and services (electricity, water, air tickets, etc)

    - Cumbersome procedures in investment licensing and import export

    - Cap on foreign investment


Vbf fdi promotion1
VBF & FDI Promotion

  • Providing consultation on laws and regulations

    that impact FDI

    • Common Investment Law

    • Unified Enterprise Law

    • Decrees/circulars on implementing WTO commitments in conditional sectors

    • Tax laws and regulations

  • Helping the government in the transition to a market economy and international integration

    • WTO commitments’ negotiations and implementation

    • Tourism marketing and promotion

    • Legal framework for PPP in infrastructure

    • Master plan for seaports

    • Corporate governance

    • Consumer finance


Main results
Main Results

  • Unified legal framework for domestic and foreign investments and business

  • Helped phase-out dual pricing of goods and services between foreign and domestic enterprises

  • Streamlined investment licensing and approval process

  • Improved protections on patents and industrial design

  • Helped formulate vital business laws, including the Investment and Enterprise laws, the Securities Law, and the amended Labor Code

  • Supported Vietnam’s WTO accession/implementation

  • Enabled private sector savings: app. USD240 Mill. (over five years, selected reforms)


Lessons learned
Lessons learned

  • Vital to have a strong link to government-donor dialogue

  • Be structured in communication of PPD agendas and outcomes

  • Build trust with government by serving as adviser

  • Use media to create public awareness and progress reforms

  • Monitor progress by Annual Business Sentiment Survey

  • Create strong links between PPD and other AS – Potential entry points and consultation tool for BEE projects


Major challenges
Major Challenges

  • Maintaining participation and commitment from stakeholders

  • Adverse attitude of some government agencies

  • Limited capacity of government

  • Balancing different interests and achieving consensus within WGs

  • Lack of champions in some working/sub-working groups

  • Mobilizing participation/contribution from domestic businesses

  • Building sustainability


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