Vietnam promotes prosperous growth, sustainable environment

Minister of Planning and Investment Nguyen Chi Dung suggested completing mechanisms to facilitate smooth operation of the market economy, creating equal business environment and pushing the restructuring process in state owned enterprises as solutions to achieve prosperous growth and sustainable environment in Vietnam.  
TIN LIÊN QUAN
vietnam promotes prosperous growth sustainable environment Standard Chartered forecasts 6.8 percent GDP growth for Vietnam
vietnam promotes prosperous growth sustainable environment Agriculture sector targets 40 billion USD in export turnover

He was speaking at the Vietnam Sustainability Forum 2018 which was held in Ha Noi on January 18.

Vietnam should prioritise renovation, develop key economic zones to improve regional economic efficiency while ensuring equality and social integration and taking measures to respond to climate change, he stated.

vietnam promotes prosperous growth sustainable environment
At the event. (Photo: VNA)

The Doi Moi (Reform) in the past three decades has created a facelift for the Vietnamese economy, Dung said, given that local livelihoods have been improved and Vietnam has become a middle-income nation.

Despite regional and global economic challenges, Vietnam enjoyed an impressive economic growth of 6.81 percent in 2017, higher than the National Assembly’s set target and the highest level ever recorded in ten years.

Thanks to the country’s efforts to shake up the economy, renew growth model and improve the business climate, Vietnam attracted 35.88 billion USD in foreign direct 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 to Create Jobs”.

However, economic experts said that daunting challenges for Vietnamese economy include low GDP per capita, total-factor productivity (TFP) falling short of expectations, high risks of middle income trap, and impacts of climate change, the 4th industrial revolution and global economic integration.

Andress Schfeicher, Director for the Directorate of Education and Skills, said that education and skills are important for Vietnam’s sustainable development in the context of strong industrial revolution.

Meanwhile, Caitlin Wiesen, UNDP Country Director for Vietnam suggested that Vietnam draw up solutions to support vulnerable people to ensure that no one is left behind.

vietnam promotes prosperous growth sustainable environment Vietnam’s economic growth exceeds target

Vietnam’s economic growth exceeded the target in 2017, as announced by the General Statistics Office (GSO) at a press conference on the socio-economic situation, in ...

vietnam promotes prosperous growth sustainable environment Creativity - key to growth promotion

Experiences of many countries show that "creativity" is considered as a key factor behind growth promotion, said UNDP Senior Adviser in Vietnam Rajah Rasiah at ...

vietnam promotes prosperous growth sustainable environment Vietnam aims to become new economic tiger in Asia

Vietnam needs to consistently pursue the productivity-based growth model and innovation to become a new economic tiger in Asia, said Prime Minister Nguyen Xuan Phuc ...

(Source: VNA)