Seminar mulls building rapid, sustainable development institutions

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Speaking at the event, Prof. Ta Ngoc Tan, Vice Chairman of the Central Theoretical Council, said that after three decades of reform, Vietnam has gradually refined economic, political and social development institutions. 

Amid the Fourth Industrial Revolution, Tan said improving competitiveness and building rapid and sustainable development institutions are imperative to Vietnam in the new period. 

Asso. Prof. Tran Quoc Toan said political institutions play an orienting role and economic institutions a central role, while social institutions direct social harmony.

He added that building and effectively implementing quality institutions require synchronous measures to improve the capacity of entities concerned. 

Participants discussed the structure and role of development institutions, their shortcomings, and foreign countries’ experience in the field. 

Concluding the event, permanent Vice Chairman of the Central Theoretical Council, Prof. Phung Huu Phu affirmed that feedback at the event will provide an important reference to refine theory on building rapid and sustainable development institutions. 

He asked researchers to collect suggestions to fine-tune draft documents to submit to the 13th National Party Congress.

The event was co-hosted by the Central Theoretical Council, the provincial People’s Committee, the Vietnam Academy of Social Sciences, the Prime Minister’s economic consulting group and the National Economics University.