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Viewing cable 07HOCHIMINHCITY471, VIETNAM ECONOMIC FORUM 2007: VIETNAM?S NEIGHBORS TAKE THE

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Reference ID Created Released Classification Origin
07HOCHIMINHCITY471 2007-04-27 02:20 2011-08-25 00:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Consulate Ho Chi Minh City
VZCZCXRO8782
RR RUEHDT RUEHPB
DE RUEHHM #0471 1170220
ZNR UUUUU ZZH
R 270220Z APR 07
FM AMCONSUL HO CHI MINH CITY
TO RUEHC/SECSTATE WASHDC 2562
INFO RUEHHI/AMEMBASSY HANOI 1857
RUEHBK/AMEMBASSY BANGKOK 0252
RUEHGP/AMEMBASSY SINGAPORE 0018
RUEHBJ/AMEMBASSY BEIJING 0021
RUCNARF/ASEAN REGIONAL FORUM COLLECTIVE
RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEHHM/AMCONSUL HO CHI MINH CITY 2759
UNCLAS HO CHI MINH CITY 000471 
 
SIPDIS 
 
USDOC 
SENSITIVE 
SIPDIS 
 
STATE FOR EAP/MLS AND EB/OMA 
STATE PASS USTR DAVID BISBEE 
USDOC FOR 4431 (MAC/AP/OPB/VLC/HPPHO) 
TREASURY FOR OASIA 
 
E.O. 12958: N/A 
TAGS: ECON EFIN ETRD BTIO EINV VM
SUBJECT: VIETNAM ECONOMIC FORUM 2007: VIETNAM?S NEIGHBORS TAKE THE 
LEAD 
 
 
(U) THIS CABLE IS SENSITIVE BUT UNCLASSIFIED. NOT FOR 
INTERNET. 
 
1. (U) A recent investment forum hosted by the GVN in Ho 
Chi Minh City highlighted the importance Vietnam places on 
regional investors.  The Vietnam Economic Forum, hosted by 
the Ministry of Planning and Investment (MPI), in 
conjunction with the Vietnam News Agency and Asia News 
Network, was held April 23-24 and attracted some 500 
participants, mainly Thai, Singaporean and Chinese 
investors.  There was little to no discussion of or 
participation by U.S. or European investors. 
 
2. (SBU) Featured GVN speakers, including Deputy Prime 
Minister Nguyen Sinh Hung, Minister of Planning and 
Investment Vo Hong Phuc, and former Deputy Prime Minister 
and current Special Envoy of the Prime Minister Vu Khoan 
made the usual plug for foreign investment in Vietnam and 
emphasized the potential benefits for regional integration, 
focusing on development through multilateral institutions 
like the Association for Southeast Asian Nations (ASEAN). 
Singapore?s Minister for Trade and Industry S Iswaran spoke 
further on the issue, urging Asian economies to ?continue 
to undertake joint efforts to grow the collective economic 
pie and contribute to regional stability.? Minister Iswaran 
focused on ASEAN as the forum for these efforts, 
emphasizing ASEAN economic partnerships with China, Korea, 
Japan, India and Australia as particularly valuable. 
Iswaran made only one reference to the United States, 
stating that the USG has ?important policy questions to 
maintain economic competitiveness vis a vis Asia.?  No 
mention was made of the U.S.-ASEAN enhanced partnership. 
 
3. (SBU) The presence of delegates from Thailand was 
particularly noticeable.  Assistant Editor of the Thai 
newspaper The Nation Kavi Chongkittavorn moderated the 
session on challenges for Vietnam, and the Chairman of 
Thailand?s Amata Group spoke on ?staying ahead in the 
investment driven economy.? Separate dining and networking 
events were scheduled for Thai delegates and their 
Vietnamese hosts.  The Thai ExIm Bank, as well as several 
Thai media outlets under the Asia News Network, sponsored 
the Forum.  (Note: The Consul General met with 
representatives from the Thai ExIm Bank in November 2006. 
They were frank in their assessment that Thai businesses 
should be taking greater interest in Vietnam and were 
looking for ways to promote Thai investment in the country. 
End Note.) 
 
4. (SBU) Comment:  While the structure of the Forum was no 
different from investment conferences held in the past, it 
is the first on this scale to cater exclusively to regional 
investors.  This is the first forum we have attended in 
HCMC that conducted simultaneous translation in Mandarin 
Chinese, as well as the traditional English and Vietnamese 
translation.   Although the speakers and presenters spoke 
on a wide variety of subjects related to developing 
investment in Vietnam, the presentations were aimed 
directly at Asian participants and not the United States or 
other global investors. Strong Thai participation and the 
presence of the Singaporean Minister of Trade and Industry 
highlights the high priority those countries place on 
investment in Vietnam.  End Comment. 
 
WINNICK