VN studies int'l experience in building facilitating State
Vietnam studies int'l experience in building facilitating State
The Ministry of Planning and Investment and the World Bank Group co-organized an international workshop on “Economic Governance for a Facilitating State” in Hanoi on June 13.
Hanoi (VNA) – The Ministry of Planning andInvestment and the World Bank Group co-organized an international workshop on“Economic Governance for a Facilitating State” in Hanoi on June 13.
Theevent aims to share international experience on re-defining the role of theState in economic management and improving institutions for a Statefacilitating sustainable development and more prosperity.
Deputy Minister of Planning and InvestmentNguyen The Phuong said the Vietnamese Government always seeks to reform andconcretize its policies to develop the country.
Building a capable and accountable State is botha task and a target in order to help the country overcome challenges, but it isnot a simple task, he said.
Sharing the report on Vietnam’s roadmap to 2035, formerMinister of Planning and Investment Bui Quang Vinh said Vietnam is lagging behindin terms of income and economic scale.
The country is listed among top 10 countries having the lowestState accountability. Its ranking in term of state governance is also lowcompared to the level of income.
Economically, after 15 years, the total grossdomestic product (GDP) of Vietnam increased by 160 billion USD while that ofThailand and Indonesia were 270 billion USD and 700 billion USD, respectively.
Vinh suggested enhancing the State capacity and ensuringthe market principle in decisions issued by the State, at the same timeimproving assurance of property rights, encouraging competition, limiting theState’s direct interference and improving the effectiveness of State managementof economic activities.
He recommended expanding the participation ofall economic sectors in the provision of public services. The State should playthe role of a supporter and provider in this field.
During the conference, participants also discussed how toimprove the governance efficiency of the government, reform State-owned businesses,facilitate the development of the private sector, among other issues.-VNA
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Delegates at the seminar (Source: VNA) 
