Thursday, 12:22, 10/06/2021
A webinar on the role of the private economic sector and experience in foreign investment management of Vietnam in Doi moi (renewal) process took place in Venezuela on June 9.
The event, held by the Embassy of Vietnam in Venezuela together with the Venezuela-Vietnam Chamber of Commerce (CAVENVIET), aimed to share Vietnam’s achievements in economic restructuring in the Doi moi process with the Latin American nation.
President of the Vietnam-Venezuela Friendship Association Associate Professor Nguyen Viet Thao said that over 1.4 million private businesses were set up in Vietnam between 2016 and 2020.
The private sector is currently the largest contributor to the country’s gross domestic product and present 30% to the State budget.