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NEW EVENT DATE ANNOUNCED - JANUARY 11 2012 Organised by Economist Conferences, the Vietnam Summit draws together a broad range of business leaders, politicians, policy-makers and academics. With The Economist's characteristic clarity and wit, the summit offers fresh and challenging perspectives on Vietnam and what lies ahead for the country and its investors. When the Communist Party of Vietnam met in January 2011 to set the country's course for the next five years, it had plenty of food for thought. Since the last Congress, in 2006, the international landscape has changed beyond recognition, with new patterns of economic power, new trade relationships, and shifting political allegiances. Domestically, the changes are equally stark. Vietnam's population has grown bigger, wealthier, more educated, more urban, and more plugged into the world. The economy has expanded into all manner of new directions, and foreign investment has increased dramatically. But for all the change, many old issues remain. Delivering economic growth to ensure the government's legitimacy must be balanced with fighting the ever-present demons of inflation and currency instability. Questions around freedoms – of politics, and of information – continue to be debated. The speed and direction of economic reform causes conservatives to clash with liberalisers. The Vietnam Summit will provide a platform for debate and discussion on these and other critical issues. |
Conference chairmen
Charles Goddard, Editorial Director, Asia Pacific, Economist Intelligence Unit
Justin Wood, Director, Southeast Asia, Economist Corporate Network
Working Programme
| 8.00am | Registration opens |
| 9.00am | Welcome remarks |
| 9.10am | Keynote opening speech In July 2011, the 13th National Assembly of Vietnam endorsed the new government, led by Prime Minister Nguyen Tan Dzung. Amid global economic difficulties and evolving geopolitical circumstances, the new generation of leaders is facing various challenges.
HE Nguyen Tan Dzung, Prime Minister of Vietnam
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| 9.40am | The role of Vietnam in Asia and the world: Changes afoot? After the convulsions of the global financial crisis, a new world order is taking shape. Vietnam's geopolitical advantages offer both intriguing opportunities and difficulties.
Speakers: Ton Nu Thi Ninh, Former Ambassador of Viet Nam to the EU; Former Vice-Chair, Foreign Affairs Moderator: Charles Goddard, Editorial Director, Asia Pacific, Economist Intelligence Unit
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| 10:40am | Networking break |
| 11.00am | Interpreting and understanding Vietnam's new path At the beginning of 2011, the Communist Party of Vietnam staged its 11th National Congress and set the country's course for the next five years. Now a year later, is the plan being carried out? Is it aligned with the country's economic, social and political needs? Is it the best way forward? What are the alternatives?
Speakers: Truong Gia Binh, Chairman, FPT Stuart Dean, Chief Executive Officer, GE ASEAN Yen Dang, Chairwoman and Chief Executive Officer, Tan Tao Group Moderator: Justin Wood, Director, Southeast Asia, Economist Corporate Network
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| 12.00pm | Networking lunch |
| 1.00pm | Vietnam's economic and financial outlook Vietnam's economy weathered the last financial crisis well, growing by 5% in 2009. Given the weak global outlook, Vietnam faces this new international uncertainty with many of its domestic problems still unsolved. As one of fastest-growth economies in the world, how can Vietnam find a way to move forward?
Speakers: Louis Taylor, Chief Executive Officer, Vietnam, Laos and Cambodia, Standard Chartered Bank Victoria Kwakwa, Country Director, Vietnam, World Bank Warrick Cleine, Head of Tax, KPMG Asia Pacific, Chief Executive, KPMG, Vietnam and Cambodia Moderator: Justin Wood, Director, Southeast Asia, Economist Corporate Network
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| 2.00pm | Capitalising on opportunities: Vietnam's industrial development The success of neighbouring countries' industrial development formula – heavy investment in export capacity and infrastructure, tight government oversight and abundant cheap labour – is evident for all to see. However, costs in these countries are rising rapidly. What sort of opportunity does this create for Vietnam?
Speakers: Tran Tuan Anh, Deputy Minister of Industry and Trade, Vietnam Stefaan Le Clair, Chairman and Managing Director, Berenike Global Fashion Management Vu Thanh Tu Anh, Director of Research, Fulbright Economics Teaching Program Stephen Yeo, CEO, South East Asia, BT Do Van Hau, President and Chief Executive Officer, PetroVietnam Moderator: Justin Wood, Director, Southeast Asia, Economist Corporate Network
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| 2.40pm | Dynamic demographics With 88m people, Vietnam's population is already large, and growing by more than 1m every year. These people are young (50% are less than 25 years old) and educated (93% are literate). They are increasingly urban and increasingly plugged in – mobile phone penetration is more than 100% and internet usage stands at 30%.
Speakers: Pham Vu Luan, Minister of Education and Training, Vietnam Minh Chau Nguyen, Country Director, East Meets West Foundation Michael MacDonald, Chief Technology Officer, Huawei Southeast Asia Le Hong Minh, Founder, Chairman and Chief Executive Officer, VNG Corporation Moderator: Justin Wood, Director, Southeast Asia, Economist Corporate Network
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| 3.20pm | Networking break |
| 3.40pm | Responding to environmental challenges If climate change progresses as currently predicted, Vietnam stands to be among the worst affected nations—losing valuable land to the sea and suffering falling agricultural production. More immediately, the country's rice farmers already face growing environmental challenges in the form of salination and disputes over the damming of Vietnam's rivers by neighbouring states.
Speakers: Bui Ba Bong, Vice Minister of Agriculture and Rural Development, Vietnam Lord Michael Hastings of Scarisbrick CBE, UK Parliament Vo-Tong Xuan, President, Tan Tao University Tomoyuki Kimura, Country Director, Viet Nam Resident Mission, Asian Development Bank Moderator: Charles Goddard, Editorial Director, Asia Pacific, Economist Intelligence Unit
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| 4.20pm | Foreign investor panel Foreign direct investment into Vietnam climbed rapidly for much of the past decade, before slowing sharply during the downturn. How can Vietnam maintain foreign investors' enthusiasm and restore confidence? How can the country catch up with the demands of foreign firms? Growth in the supply of electricity, lawyers, quality office space and experienced managers, for example, has significantly been lagging behind demand.
Speakers: Dinh La Thang, Minister of Transport, Vietnam Henry Nguyen, Managing General Partner, IDG Ventures Vietnam Thanh Le, Country Chairman and General Manager, Shell Companies in Vietnam Gerardo Patacconi, Chief, Clusters and Business Linkages Unit, United Nations Industrial Development Organization Peter Ryder, CEO, Indochina Capital Moderator: Charles Goddard, Editorial Director, Asia Pacific, Economist Intelligence Unit
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| 5.20pm | Closing remarks |
| 6.00pm | Cocktail reception |
H.E. Hoang Trung Hai, Deputy Prime Minister, Vietnam
Pham Vu Luan, Minister of Education and Training, Vietnam
Nguyen Van Binh, Governor of the State Bank, Vietnam
Nguyen Phuong Nga, Deputy Minister of Foreign Affairs, Vietnam
Bui Thanh Son, Deputy Minister of Foreign Affairs, Vietnam
Cao Viet Sinh, Standing Deputy Minister of Planning and Investment, Vietnam
Tran Tuan Anh, Deputy Minister of Trade and Commerce, Vietnam
Bui Ba Bong, Deputy Minister of Agriculture and Rural Development, Vietnam
Tran Hong Ha, Deputy Minister of Natural Resources and Environment, Vietnam
Ton Nu Thi Ninh, Former Ambassador of Vietnam to the EU; Former Vice-Chair, Foreign Affairs Committee, Vietnam's National Assembly
Michael W. Michalak, United States Ambassador, U.S. Embassy
Truong Gia Binh, Chairman, FPT
Stuart L. Dean, Chief Executive Officer, GE ASEAN
Yen Dang, Chairwoman and Chief Executive Officer, Tan Tao Group
Warrick Cleine, Head of Tax - KPMG Asia Pacific and Chief Executive, KPMG Vietnam and Cambodia
Louis Taylor, Chief Executive Officer Vietnam, Cambodia & Laos, Standard Chartered Bank
Victoria Kwakwa, Country Director, Vietnam, World Bank
Stefaan Le Clair, Chairman and Managing Director, Berenike Global Fashion Management
Stephen Yeo, Chief Executive, South East Asia, BT
Vu Thanh Tu Anh, Director of Research, Fulbright Economics Teaching Program
Do Van Hau, President and Chief Executive Officer, PetroVietnam
Minh Chau Nguyen, Country Director, East Meets West Foundation
Michael MacDonald, Chief Technology Officer, Southeast Asia, Huawei
Le Hong Minh, Founder, Chairman, and Chief Executive Officer, VNG Corporation
Tomoyuki Kimura, Country Director, Viet Nam Resident Mission, Asian Development Bank
Vo Tong Xuan, Vice President, Academic Affairs, Tan Tao University
Lord Michael Hastings of Scarisbrick CBE, UK Parliament
Henry Nguyen, Managing General Partner, IDG Ventures Vietnam
Peter Ryder, Chief Executive Officer, Indochina Capital
Thanh Le, Country Chair and General Manager, The Shell Companies in Vietnam
Gerardo Patacconi, Chief, Cluster and Business Linkages Unit, UNIDO
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