On the afternoon of April 5, 2019, HAI PHAT Invest, together with more than 400 CEOs of Vietnam Enterprises & FDI ones and representatives from more than 20 embassies and territories attended the CEO Forum 2019. They hope that they contribute to reflect the reality and speed of implementation of innovation and creativity activities in enterprises, contributing to the development and the growth of economy of Vietnam.
The CEO Forum is an annual event within the framework of the Golden Dragon Awards ceremony & Vietnam Brand Festival Program initiated by the Vietnam Economic Times from 2001 to the present. The forum is a space of Domestic CEO and FDI enterprises to express their ideas and share their development stories. The event is also a place to gather, share and respond to information from policy makers, managers, experts and the media.
This year, the Forum chose this topic in order to mirror the reality and the speed of innovation in enterprises, meet the needs and inevitable trends of the digital economy and industrial revolution during this era of Industry 4.0 and immediate action requirements.
“Innovation is the shortest way for countries and enterprises to approach and catch up with the trend towards digital transformation,” Deputy Prime Minister Vuong Dinh Hue said. “It cannot slow down. Enterprises must define innovation and creativity as a driving force and optimal solution in enhancing the competitiveness of enterprises in the context of international economic integration becoming increasingly deep and comprehensive.”
“The Communist Party and State promote to accelerate the transformation of the growth model based on the application of Science and Technology and innovation to improve productivity, quality and competiveness of the economy. The Government has more increasingly improved the business investment environment, strengthen the macro – economic foundation, promoted the start –up ecosystem, and innovated, created the most favorable conditions to support business development. The Government is summarizing practices to improve institutions and policies, to build attractive strategies and use the new generation of FDI effectively till 2030 and vision by 2045 – Deputy Prime Minister emphasized.
The two panel discussions at the Forum focused on innovation and creation stories from around the world analyzing inevitable trends and the value of innovation and creativity in the growth and development of economies and the competitiveness of enterprises.
Through the share of representatives from big enterprises showed that innovation and creation are attracting greater attention from enterprises. Innovation, creation, and digital transformation in management models and corporate governance or upgrading or replacing production technologies have created value in the growth and development indexes at enterprises. This is a convincing evidence that help SMEs understand more clearly the role and value of innovation, thereby promoting stronger innovation, contributing and improving the economy’s creative index in the international evaluation scales.
Completing the 30- year journey of FDI in Vietnam and opening a new journey that promises a lot of success for FDI projects and enterprises in Vietnam. The Government of Vietnam will continue to make efforts to improve the institutions and investment and business environment, creating favorable conditions for FDI enterprises and Vietnamese enterprises to develop and co-operate to develop and create resilience for businesses and the economy of Vietnam.
Digital economy, creative economy and sharing economy are an inevitable development trend, so the economy based on resources and cheap labor will no longer be a long-term advantage. Therefore, innovation and creativity are vital factors of the enterprise.