Hanoi (VNA) – Nationalreform and sustainable development in East Asia was the main topic of a forumjointly held in Hanoi on March 24 by the Development Strategy Institute underthe Ministry of Planning and Investment (MPI) and the Forum Oh-rae of theRepublic of Korea (RoK).
Addressing the event, MPI DeputyMinister Dang Huy Dong said that the forum opens up new prospects of cooperationbetween Vietnam and the RoK, while contributing to the enhancement of connectionbetween their scholars, policymakers and businesspeople.
Recommendations given at the event willserve as references for the ministry in working out strategies, plans andplanning schemes as well as policies for national development, he said.
Hahm Seung Heui, Chairman of ForumOh-rae, said that the sharing of experience among countries will speed up theremoval of obstacles hindering Vietnam’s bid to become a developed industrialcountry.
Vietnam and the RoK elevated theirrelations to the level of strategic partnership in 2009, he noted, adding thatthe RoK is currently the largest foreign investor in Vietnam with a total investmentof 50 billion USD in 5,600 valid projects. In 2016 alone, RoK businesses investedover 5.5 billion USD in 828 projects.
Meanwhile, Vietnam is also thethird largest recipient of investment from the RoK, just behind China and theUS.
The RoK is currently the secondlargest provider of bilateral official assistance for Vietnam after Japan. Interms of trade, the RoK is Vietnam’s third biggest partner with two-way tradereaching 45.1 billion USD in 2016.
Regarding solutions for Vietnam todeal with low growth, Kim Byong Joon, head of the Oh-rae Institute for PolicyResearch, highlighted the importance of science-technology, developmentresearch capacity and improved productivity.
Meanwhile, Dr Nguyen Thi Tue Anh.Vice Director of the Central Institute for Economic Management, said thatVietnam is reforming its growth model to increase productivity andcompetitiveness.
She stressed that improvingqualifications of the workforce is essential, which will also help narrow thegap of competitiveness among regional countries, attract technologies and fullytap opportunities from international economic integration.-VNA
Addressing the event, MPI DeputyMinister Dang Huy Dong said that the forum opens up new prospects of cooperationbetween Vietnam and the RoK, while contributing to the enhancement of connectionbetween their scholars, policymakers and businesspeople.
Recommendations given at the event willserve as references for the ministry in working out strategies, plans andplanning schemes as well as policies for national development, he said.
Hahm Seung Heui, Chairman of ForumOh-rae, said that the sharing of experience among countries will speed up theremoval of obstacles hindering Vietnam’s bid to become a developed industrialcountry.
Vietnam and the RoK elevated theirrelations to the level of strategic partnership in 2009, he noted, adding thatthe RoK is currently the largest foreign investor in Vietnam with a total investmentof 50 billion USD in 5,600 valid projects. In 2016 alone, RoK businesses investedover 5.5 billion USD in 828 projects.
Meanwhile, Vietnam is also thethird largest recipient of investment from the RoK, just behind China and theUS.
The RoK is currently the secondlargest provider of bilateral official assistance for Vietnam after Japan. Interms of trade, the RoK is Vietnam’s third biggest partner with two-way tradereaching 45.1 billion USD in 2016.
Regarding solutions for Vietnam todeal with low growth, Kim Byong Joon, head of the Oh-rae Institute for PolicyResearch, highlighted the importance of science-technology, developmentresearch capacity and improved productivity.
Meanwhile, Dr Nguyen Thi Tue Anh.Vice Director of the Central Institute for Economic Management, said thatVietnam is reforming its growth model to increase productivity andcompetitiveness.
She stressed that improvingqualifications of the workforce is essential, which will also help narrow thegap of competitiveness among regional countries, attract technologies and fullytap opportunities from international economic integration.-VNA
VNA