The National Council for Sustainable Development and Competitiveness Improvement needs to conduct a deeper analysis on the nation’s current competitive capacity to figure out policies that are barring its sustainable development.

The request was made by Deputy Prime Minister Nguyen Thien Nhan while chairing the council’s session at the Government Office in Hanoi on February 22.

The council also needs to quickly develop criteria to measure the national competitive capacity with regard to the development of national economy, which will include monitoring and implementation measures, Nhan, as the chair of the council, said.

At the meeting, the participants asserted that although gaining several economic achievements last year Vietnam is confronting challenges in intensifying its competitive capacity in many fields.

In particular, Vietnamese people’s average income is quite low in comparison with their peers’ average rate in other Asian developing countries. The country is also coping with rapid and unstable growth, high inflation, and lowered investment attraction.

The National Council for Sustainable Development and Competitiveness Improvement was established in July 2012, with the aim of advising the Government and the Prime Minister in guiding the creation and implementation of strategies, polities and programmes relating to sustainable development and competitiveness enhancement.-VNA