Vietnamese Government keen to further boost administrative reform
Updated : Thursday, December 06, 2018 11:04 AM (GMT+0700)

As Vietnam envisionsitself as becoming a prosperous nation by 2045, the Government is working tospeed up administrative reform to improve the business climate, Prime MinisterNguyen Xuan Phuc has affirmed.

 
PM Nguyen Xuan Phuc (third from left) at the Vietnam Reform and Development Forum 
- Photo: VNA

Attending the Vietnam Reform and Development Forum (VRDF)2018 held in Hanoi on December 5, PM Phuc said that Vietnam was lifted from oneof the world’s largest recipients of foreign aid to a middle-income country. Ithas proactively integrated into the global economy and always stands ready toshare experience in settling global issues.

However, Vietnam still runs grave risk of being left behindand falling into the “middle-income trap”. Despite concerted efforts to removethe three bottlenecks of mechanism, infrastructure, and human resources qualitywhich bar economic development, the outcomes are a far cry from theGovernment’s expectations. In fact, they have not yet met the requirements ofeconomic development, the PM underlined.

He expressed his hope that partners and sponsors willcontinue their support for Vietnam so that the country can grow beyond the“middle-income trap” in the context of increasing globalisation.

Touching on the human resources issue, PM Phuc said that theGovernment is looking for effective measures to build a high-quality workforceserving sustainable growth as labourers are billed as the key to futuresuccess.

Smart and digital infrastructure will be paid due attentionto improve the capacity of connecting economic resources, he noted.

At the forum, PM Phuc laid stress on promoting innovation andthe application of the Fourth Industrial Revolution, as well as strengtheningthe private economic sector; detailing that they are important driving forcesfor domestic economic growth in the next decade as they can help to improve thecompetitive edge of the nation.

The VRDF is an alternative to the Vietnam Development Forum(VDF), which was formerly known as the Consultative Group (CG) meeting and morerecently the Vietnam Development Partnership Forum (VFPF). The first VietnameseCG meeting was held in Paris in 1993 and since 1999 it has been held inVietnam, co-chaired by the Ministry of Planning and Investment and the WorldBank’s Vietnam branch.

Instead of serving as a platform for discussion between theVietnamese Government and donor agencies on development policies, the VRDFgathers international experts who come to share their experience and offerrecommendations to the Vietnamese Government.

The forum is expected to devise specific proposals for theGovernment’s reform policies.

Source: VNA 

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