(VOV) – A Vietnam Development Report aiming to provide an insightful window into the opportunities available for the country to develop rapidly and sustainably through 2030 and beyond is anticipated to be completed by late 2015.
The report, a joint project being carried out by the World Bank and the Vietnamese Government, focuses on finding a way forward for the nation so partner efforts can be harmonised, said Deputy Prime Minister Vu Duc Dam and WB Vice President Axel van Trotsenburg, at a meeting in Hanoi on September 9.
A WB report showed that over the past 20 years, Vietnam has obtained an average economic growth rate of 5.7% annually. If Vietnam wants to catch up with economies like the Republic of Korea, and Taiwan (China), it must sustain an average growth rate of 9% annually over the next 20 years.
If average growth remains feeble at only 5-6%, the nation will be caught in the so called middle income trap, it warned.
The most pressing issue facing the country in its bid to shore up its economic growth is to overcome complacency and raise the nation’s capacity to compete on an equal footing in the global marketplace.
Raising the nation’s competitiveness is critically important and imperative if the economy is to grow rapidly and develop sustainably for the socio-economic benefit of its citizens.
Early this year, Deputy PM Dam directed the Ministry of Planning and Investment (MoPI) and the National Council on Sustainable Development and Competitiveness Capacity to coordinate with the WB and international organisations to devise a list of key tasks and incorporate them into Government Resolution 19.
He instructed the key tasks should zero in on practical solutions to improve the business environment and in turn improve the national competitive capacity and facilitate the ironing out of administrative snags hindering business.
Experts at the meeting predicted that if Resolution 19 is strictly adhered to and carried out effectively, Vietnam will enjoy billions of US dollars of economic benefit.
Deputy PM Dam urged the MoPI to establish a website to gather opinions from leading domestic and foreign experts to insure a high quality report and to obtain useful ideas and thought for making development policy in coming years.
Đăng ký: VietNam News
