Facebook’s digital ecosystem building in Vietnam welcomed: official

Monday, 2019-11-04 21:24:52
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Head of the Party Central Committee’s Economic Commission Nguyen Van Binh (R) and Facebook’s Asia-Pacific Vice President of Public Policy Simon Miller. (Photo: VGP)
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NDO/VNA – Head of the Party Central Committee’s Economic Commission Nguyen Van Binh on November 4 welcomed Facebook’s contributions to digital ecosystem building in Vietnam and its selection of the country as a destination for new-generation Oculus virtual reality (VR) equipment production.

During a reception in Hanoi for Facebook’s Asia-Pacific Vice President of Public Policy Simon Miller and Vice President for Southeast Asia and Emerging Markets Benjamin Joe, Politburo member Binh affirmed that Vietnam always provides all possible support for foreign enterprises, including Facebook, to do business in Vietnam.

He also asked Facebook to work closely with Vietnam’s authorities to remove malign information online affecting national security, social safety and order, thus protecting users’ personal information and ensuring cyber security in the country.

Facebook representatives said the social media group is working to support Vietnamese firms, including small- and medium-sized ones, female businesspeople and start-ups.

They added that the group has officially expanded production in Vietnam with new-generation Oculus Rift S VR headsets, and is actively seeking partners to churn out other products in the country.

According to them, the move is an important stride in Facebook’s commitments to investing in Vietnam and part of efforts to diversify production facilities in its global supply chain.

On the same day, Binh hosted a reception in Hanoi for Era Dabla-Norris, head of the International Monetary Fund (IMF)’s Article IV Consultation of the Department of Asia-Pacific.

Head of the Party Central Committee’s Economic Commission Nguyen Van Binh (R) and Era Dabla-Norris, head of the IMF's Article IV Consultation of the Department of Asia-Pacific. (Photo: VGP)

The official spoke highly of practical and effective cooperation between Vietnam and the IMF over the past years, especially in consultation for macro-economic, financial and monetary policies.

He affirmed Vietnam’s policy priority in further stabilising macro-economy, controlling inflation, and improving output, efficiency and competitiveness of the economy.

Highlighting Vietnam’s economic development goals for 2020-2025 with a vision to 2030, Binh shared orientations to continuing renovation and development of key areas, tasks and strategic breakthroughs.

The host wished that the IMF would continue supporting Vietnam in the time to come.

Norris, for her part, lauded the Vietnamese Party and State’s policies of stabilising macro-economy and renewing growth model.

She also pledged to continue fostering ties between the IMF and Vietnam in the future.