Growth and development is a marathon race, not a sprint, Prime Minister Nguyen Xuan Phuc has said, raising the issue of what should be done by Viet Nam in order to realize its desire to become a new “economic tiger” in Asia.
|Prime Minister Nguyen Xuan Phuc
Addressing the second Viet Nam Economic Forum in Ha Noi on January 11, the PM stated that with a growth rate of 6.81% in 2017, Viet Nam is among countries with the highest growth in Asia and the world.
He highlighted the country’s efforts to boost economic reforms, strengthen publicity and transparency, combat corruption and improve the business climate, thus contributing to consolidating confidence among investors and the business community and creating a new vitality for the economy.
However, how to develop in a rapid and sustainable fashion in order to escape the middle-income trap remains a major challenge facing the Vietnamese economy, PM Phuc noted.
He hailed the forum as an important platform for delegates to share their viewpoints about Viet Nam’s macroeconomic proceedings and economic reality, whilst proposing measures to help the Government to remove knots and accelerate growth momentums in order to achieve the envisaged goals.
Regarding the goals set for 2018, the leader stated that the Government has directed ministries, sectors and localities to exert efforts towards achieving a growth rate of 6.7% and enhancing the growth quality and competitiveness of the economy as well as of each sector, locality and business, thus working to improve the economy’s resilience to major fluctuations.
In the coming time, Viet Nam needs to consistently pursue the new growth model based on productivity, reform and innovation, he emphasized.
The second Vietnam Economic Forum was held by the Party Central Committee’s Economic Commission under the theme “Fast and sustainable development: new challenges and momentums”, featuring the participation of nearly 1,500 domestic and international economic experts and scholars.VGP