Da Nang (VNA) – Vietnam is a highly entrepreneurial country, andrapidly modernising, said Phil O’Reilly, Chair of the Business and IndustryAdvisory Committee to the Organisation for Economic Cooperation and Development(OECD).

“Itwould be important for Vietnam to make sure that the domestic reform process isgoing on and is executed well otherwise some of the entrepreneurial opportunitiesthat the country has might not work,” he said on the sidelines of the ongoing APECCEO Summit from November 8-10.

Vietnam also plays its part in the multilateral system, including APEC andASEAN, he said, adding that the future is bright for countries like Vietnam.

According to the official, Vietnam is among many countries benefiting fromglobalisation.

“We can see people getting better jobs in places like Vietnam. So the energyaround globalisation will continue but we need to explain it better, we need tomake sure that more people benefit from it,” said he.

“We have to make sure we have good social protection system, good learning andre-skilling so that more people feel that they have a stake in the success ofglobalisation,” he added.

He also expressed his belief that Vietnam will work well in improving humanresources’ skills, which are good for the country in the 21st century, especially in the digital age.

“Making sure that our young people are resilient to changes so that they canmove jobs, making sure that young people in particular and also mature agepeople in the economies have more digital skills,” he stressed.

Regarding MSMEs’ contribution toAPEC economies, he said they are the backbone of every economy in APEC and theworld as well.

He shared that in New Zealand, hiscountry, more than 90 percent of businesses are micro andsmall enterprises.

“They are real job engines in any economy,” he said,adding that one of the measures to support them is to make sure that everybody,including women, migrants and those who might be disadvantaged in the labourmarket can play, and small businesses can access to finances.

“That’s the kind of thing we should all be thinkingabout in APEC economies,” he suggested.-VNA