At the event (Photo: VNA) Hanoi (VNA) – Minister of Planning and Investment Nguyen Chi Dungsuggested completing mechanisms to facilitate smooth operation of the marketeconomy, creating equal business environment and pushing the restructuringprocess in state owned enterprises as solutions to achieve prosperous growthand sustainable environment in Vietnam.
He was speaking at the Vietnam Sustainability Forum 2018 which was held inHanoi on January 18.
Vietnam should prioritise renovation, develop key economic zones to improveregional economic efficiency while ensuring equality and social integration andtaking measures to respond to climate change, he stated.
The Doi Moi (Reform) in the past three decades has created a facelift for theVietnamese economy, Dung said, given that local livelihoods have been improvedand Vietnam has become a middle-income nation.
Despite regional and global economic challenges, Vietnam enjoyed an impressiveeconomic growth of 6.81 percent in 2017, higher than the National Assembly’sset target and the highest level ever recorded in ten years.
Thanks to the country’s efforts to shake up the economy, renew growth model andimprove the business climate, Vietnam attracted 35.88 billion USD in foreigndirect investment and its total import-export turnover reached 425 billion USD,Dung stressed. He underlined that the nation moved up 14 places to rank 68th among 190 countries in the 15th edition of the World Bank’s Doing Business 2018 Report themed “Reforming toCreate Jobs”.
However, economic experts said that daunting challenges for Vietnamese economyinclude low GDP per capita, total-factor productivity (TFP) falling short ofexpectations, high risks of middle income trap, and impacts of climate change, the4th industrial revolution and global economic integration.
Andress Schfeicher, Director for the Directorate of Education and Skills, saidthat education and skills are important for Vietnam’s sustainable developmentin the context of strong industrial revolution.
Meanwhile, Caitlin Wiesen, UNDP Country Director for Vietnam suggested thatVietnam draw up solutions to support vulnerable people to ensure that no one isleft behind.-VNA
He was speaking at the Vietnam Sustainability Forum 2018 which was held inHanoi on January 18.
Vietnam should prioritise renovation, develop key economic zones to improveregional economic efficiency while ensuring equality and social integration andtaking measures to respond to climate change, he stated.
The Doi Moi (Reform) in the past three decades has created a facelift for theVietnamese economy, Dung said, given that local livelihoods have been improvedand Vietnam has become a middle-income nation.
Despite regional and global economic challenges, Vietnam enjoyed an impressiveeconomic growth of 6.81 percent in 2017, higher than the National Assembly’sset target and the highest level ever recorded in ten years.
Thanks to the country’s efforts to shake up the economy, renew growth model andimprove the business climate, Vietnam attracted 35.88 billion USD in foreigndirect investment and its total import-export turnover reached 425 billion USD,Dung stressed. He underlined that the nation moved up 14 places to rank 68th among 190 countries in the 15th edition of the World Bank’s Doing Business 2018 Report themed “Reforming toCreate Jobs”.
However, economic experts said that daunting challenges for Vietnamese economyinclude low GDP per capita, total-factor productivity (TFP) falling short ofexpectations, high risks of middle income trap, and impacts of climate change, the4th industrial revolution and global economic integration.
Andress Schfeicher, Director for the Directorate of Education and Skills, saidthat education and skills are important for Vietnam’s sustainable developmentin the context of strong industrial revolution.
Meanwhile, Caitlin Wiesen, UNDP Country Director for Vietnam suggested thatVietnam draw up solutions to support vulnerable people to ensure that no one isleft behind.-VNA
VNA
