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VN economic policy frame makes debut

5/12/18
Viet Nam economic policy framework makes debut on December 5 at the Viet Nam Reform and Development Forum (VRDF). 
Viet Nam economic policy framework makes debut on December 5 at the Viet Nam Reform and Development Forum (VRDF). 



The document collects the Party and State’s guideline and policies, updates the world’s new happenings and refers to the Report 2035 to introduce Viet Nam’s mid and long-term development policies. 
The document conveys to the business community, international organizations, managers and Vietnamese people a clear message the determinations to building a State of creativity, development, action and integrity for further enhancing innovation, improving the business environment and mobilizing all resources for establishing a nation of prosperity, harmonization and sustainability, asserted PM Nguyen Xuan Phuc at the event. 
According to the print, the mid and long-term development goals till 2035, Viet Nam will become a middle-income nation with the GDP per capita of US$10,000 and more than half of the population will join the global middle class. 
Reforms concentrate on modernization of the economy and development of the private sector, building national innovation capacity, improvement of economic effectiveness of urbanization and territorial development, modern institution and effective State. 
Other issues are referred in the print including sustainable development of environment and enhancement of climate change adaption capacity as well as ensuring equality and promotion of social integration. 
Growth motives are defined such as the streamlined, effective and efficient political system, modern and synchronous infrastructure, human resources and innovation and private sector development. 

The establishment of Viet Nam economic policy framework has been carried out since the end of 2017. 
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All comments [ 6 ]


Gentle Moon 31/12/18 21:33

Economic restructuring and greater integration with the international economic system has brought Vietnam impressive gains in wealth, trade, and investment.

Red Star 31/12/18 21:34

Vietnam’s cautious and sequenced adoption of market institutions has brought more than two decades of impressive economic performance, all while leaving the country’s underlying political economy largely intact.

For A Peace World 31/12/18 21:35

Vietnam has leveraged greater integration with the international economic system as a means of reinforcing domestic change.

Kevin Evans 31/12/18 21:36

As a result, impressive levels of exports and investment have not yet resulted in concomitant gains for domestic value added or linkages to domestic firms.

Jacky Thomas 31/12/18 21:38

Over the past decade, Vietnam has emerged as Southeast Asia’s most intriguing economic story. Not because it is the region’s largest economy (a title that belongs to Indonesia) or its fastest growing (a position that moves between Myanmar, Cambodia, and Laos). It is because economic restructuring has brought impressive gains in wealth, trade, and investment — all while leaving the country’s fundamental power structure largely intact.

Roger Brown 31/12/18 21:39

Successful economic restructuring has, however, also contributed to Vietnam’s primary economic challenge today, namely how to address its ‘missing middle’ — the lack of a productive domestic private sector.

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