Workshop spotlights external challenges’ impacts on Vietnam’s development
An international workshop was held by the Institute of World Economics and Politics (IWEP) under the Vietnam Academy of Social Sciences in Hanoi on March 22 to look into impacts of external challenges on Vietnam’s integration into the world.
Acting Director of the IWEP Dr. Phi Vinh Tuong (standing) addresses the workshop in Hanoi on March 22. (Photo: VNA)
Hanoi (VNA) – An internationalworkshop was held by the Institute of World Economics and Politics (IWEP) underthe Vietnam Academy of Social Sciences in Hanoi on March 22 to look intoimpacts of external challenges on Vietnam’s integration into the world.
In his opening remarks, ActingDirector of the IWEP Dr. Phi Vinh Tuong said facing the COVID-19 pandemic, Vietnamexerted efforts to respond to this health crisis, possibly the biggest non-traditionalsecurity issue in decades, to reverse its negative impacts. After that, armedconflicts erupted in different regions around the globe, forcing the world todeal with other non-traditional security challenges like energy, food, andnavigation security.
Pointing out such challenges’substantial impacts on economic, political, and social aspects of countries,regions, and the whole world, he considered the identification of those impacts,especially the direct ones on Vietnam, as essential for policymakers to devise countermeasuresas part of the country’s efforts to pursue its development targets.
DeputyDirector of the IWEP Dr. Pham Anh Tuan mentioned certain global economicuncertainties, including the economic downturn, geo-political tensions, monetarypolicy tightening, high inflation, and financial volatility.
In 2023, the Vietnamese economyencountered an array of difficulties and challenges. Though the financial -monetary system properly coped with shocks, there were still many risks,particularly in terms of the real estate market and financial institutions. Theeconomy tended to become more dependent on external factors.
The economic growth rate stood at5.05% last year, lower than the target of 6.5%. Businesses faced a shortage oforders. Exports and imports respectively dropped 4.4% and 8.9% compared to 2022,he noted.
Tuan predicted a more positiveoutlook for the economy in the latter half of 2024 as businesses are witnessinga rebound in export orders.
At the workshop, domestic andinternational experts and scholars analysed some critical issues liketraditional and non-traditional security issues in the region and the world thatdirectly affect Vietnam, along with impacts of powerful countries’ strategiesand policies on Vietnam.
They also suggested several measuresfor Vietnam to achieve its development targets to 2030 and 2045./.
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Acting Director of the IWEP Dr. Phi Vinh Tuong (standing) addresses the workshop in Hanoi on March 22. (Photo: VNA) 
