The forum, themed “Vietnam: Actions for making growth recovery inclusive and sustainable in the COVID-19 era,” was jointly held by the Ministry of Planning and Investment and the WB. (Photo: VNA) Hanoi (VNA) – Vietnam will focus on solutions tospur growth towards sustainability amidst the impact of COVID-19 during the2021-2025 period, Minister of Planning and Investment Nguyen Chi Dung said onSeptember 29.
In his opening remarks at the third Vietnam Reform and DevelopmentForum, the minister said the country is striving to win the high middle-incomestatus globally by 2030.
He briefed the forum on achievements Vietnam has recorded inpandemic combat and economic development, with a trade surplus of 12 billionUSD so far this year, positive GDP growth and foreign direct investment (FDI) of20 billion USD.
However, given the adverse impact of trade tensions among powers,and shortcomings of the domestic economy, Vietnam needs consultations ofscientists, ministries, agencies, development partners and internationalorganisations that would help the Vietnamese government adjust and adoptdecisions and policies for early economic recovery and macro balances towardssustainable and inclusive growth.
Carolyn Turk, WB Country Director for Vietnam, said the forumoffers an opportunity to assess the progress made by the Vietnamese economyamidst a changing world.
Lauding the country’s marked achievements, Turk, however, notedher concern about the negative impact of climate change, unusual weatherpatterns and natural disasters on the national socio-economic development.
She suggested Vietnam bring into full play opportunities, work toattract more foreign investments, optimise scientific-technological advances,and pay more attention to health care, education and social welfare.
The country should identify priorities and revamp its workingmethods to seek new values in the spirit of innovation and creation, in orderto restructure its economy and improve its resilience and adaptability in thenew context, she said.
The forum, themed “Vietnam: Actions for making growth recoveryinclusive and sustainable in the COVID-19 era,” was jointly held by theMinistry of Planning and Investment and the WB.
Its objective is to discuss issues relatedto economic reform and development of Vietnam in the newly emerging context,reflect on major issues of particular concern to businesses and people,particularly in this new context characterised by both new challenges and newopportunities, continue contributing to the formulation of the SEDS 2021-2030and SEDP 2021 – 2025, and contribute to enhancing Vietnam’s position ininternational and regional fora.
It comprised two sessions - COVID-19 and Vietnam’s actions to seize opportunities and move up theglobal value chain, and digital transformation and structural change towardsinclusiveness and sustainability./.
VNA
