Resolution 66 requires a connection between “internal” and “external” forces, harnessing the strength of Vietnam’s own resources while remaining open to global knowledge.
The WB also urges Vietnam to build a professional and efficient civil service with improved pay and clear accountability, supported by institutions that ensure due process, transparency, and independent oversight.
The PM reaffirmed that the building and perfection of the legal and institutional system is one of the three strategic breakthroughs identified by the Party and State.
To overcome the middle-income trap and become a high-income nation, Vietnam must rethink and reshape its development trajectory. The key lies in technological innovation, institutional reform, and industrial upgrading, according to a Chinese professor.
Bang highlighted Vietnam’s advantages such as a young and tech-savvy population, steady economic growth, deep integration into global supply chains across multiple industries, and modern infrastructure like large airports and seaports.
The Vietnam Chamber of Commerce and Industry (VCCI), which so far has almost 200,000 member businesses, has accompanied the business community and become an important factor in the country’s economic development.
Construction of several key items of the Nha Trang city sub-project of the Vietnam Coastal Cities Sustainable Environment Project began on November 7 in the southern central coastal province of Khanh Hoa.
The Central Institute for Economic Management (CIEM)’s research team has raised proposals on promoting medium- and long-term institutional reform in connection with enhancing the autonomy of Vietnam's economy in order to improve the effectiveness of the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement.
Vietnam is constantly looking for new driving forces for growth and the country has leveraged opportunities from digital and e-commerce for economic growth, according to CIEM director Nguyen Thi Hong Minh.
Institutional reform, deeper integration and digital transformation are important for Vietnam to recover the economy, which has been battered by the COVID-19 pandemic, President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said on November 24.
Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
Vietnam must hasten the process of issuing legal documents and institutional reform to implement free trade agreements (FTAs) and take advantage of these trade deals to boost exports, officials have said.
Prime Minister Nguyen Xuan Phuc has called on young entrepreneurs to make greater efforts to develop big firms and global brands, contributing to turning Vietnam into a strong country.
The Government Office, the Ministry of Planning and Investment and the US Agency for International Development (USAID) launched the USAID Linkages for Small and Medium Enterprises (LinkSME) in Hanoi on September 24.
Prime Minster Nguyen Xuan Phuc has ordered ministries and sectors to accelerate institutional reform to promote economic growth on the basis of macro-economic stability.
It is crucial to design special policies for ethnic minority community, especially women, to access equal opportunities, stated head of the Party Central Committee’s Mass Mobilisation Commission Truong Thi Mai.
Vietnam will strive for a GDP growth of around 6.8 percent in 2020, according to Directive 16/CT-TTg on the building of socio-economic development plans and State budget estimates for 2020.
Vietnam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to increase strongly through 2030, reaching 25 percent of the nation’s total exports, according to the Ministry of Industry and Trade (MOIT).
Prime Minister Nguyen Xuan Phuc has proposed the World Bank (WB) to continue its non-refundable aid for Vietnam in institutional reform, legal framework improvement and economic restructuring.
