Deputy Foreign Minister Bui Thanh Son delivers a remark at the report launching ceremony of the Multi-dimensional Review of Vietnam in Hanoi on December 9. (Photo: VNA)Hanoi (VNA) – A report on multi-dimensionalreview of Vietnam was launched in a Hanoi ceremony co-hosted by the Ministry ofForeign Affairs, the Ministry of Planning and Investment and the Organisationfor Economic Cooperation and Development (OECD) on December 8.
In his remarks at the event, Deputy Foreign Minister BuiThanh Son highlighted Vietnam’s major achievements since the launch of the “DoiMoi” (renewal) economic reforms nearly 35 years ago.
To break through in the next stage of development,Vietnam needs a new approach and vision that are relevant to today’s world and atthe same time, must take full advantage of its opportunities and competitiveedges, he said, adding that these would help the country realise goals ofbecoming a developing, upper middle income country with a modern industry by2030 and a developed, high-income economy by 2045 as set in the draft strategyfor 2021 – 2030.
Son appreciated the report as a reference for theVietnamese government, ministries and agencies to draft the nationalsocio-economic development strategy for the next 10 years.
Minister of Planning and Investment Nguyen Chi Dung saidthe “Multi-dimensional Review of Vietnam: Towards an Integrated, Transparentand Sustainable Economy” is an initiative by the OECD which identifies the mainconstraints to Vietnam’s growth and proposes priority areas for action to connecteconomic competitive advantages with social and welfare goals. It also providesVietnam with the OECD’s expertise in key areas to make policies adaptive to achanging world and to forecast future growth.
The report is composed of three parts: InitialAssessment, Strategic Recommendations, and From Analysis to Implementation.
The first part – “Initial Assessment” – builds on theSustainable Development Goals’ (SDGs) structure of People, Prosperity,Partnerships, Planet and Peace. For each of these dimensions, strengths andconstraints, as well as trends that could create opportunities or hamper futuregrowth are identified.
The second part of the report provides strategicrecommendations to help Vietnam’s transition towards an integrated, transparentand sustainable economy. In particular, the report suggests policies to createnew opportunities in agriculture, manufacturing and services; enhance theefficiency of State-owned enterprises; strengthen Vietnam’s tertiary educationin order to upgrade skills and create innovation; improve the management ofnatural and energy resources to secure sustainable growth and encourage aproactive transition to a low carbon economy.
The third and last part – From analysis to implementation– recommends Vietnam to strengthen its capabilities for implementation andproposes a scoreboard to monitor the progress of reforms./.
VNA
