Experts seek measures for completion of market economy institution in Vietnam hinh anh 1Overview of the conference (Photo:

Hanoi (VNA) – The Ho Chi Minh National Academy of Politics (HCMA) and the Republic of Korea (RoK) International Cooperation Agency (KOICA) jointly held a high-level conference in Hanoi on September 28 to discuss the building and improvement of market economy institution in Vietnam.

Addressing the event, the third of its kind and came as part of the Vietnam-RoK Development Experience Exchange Partnership (DEEP), HCMA Vice Rector Associate Prof. Dr. Nguyen Viet Thao highlighted that the conference took place when Vietnam is stepping up institutional reform for better efficiency.

He expressed his belief that the outcomes of the conference will be a valuable scientific foundation for institutional completion, especially market economy institution, and the sustainable and inclusive growth of Vietnam in the future.

Thao noted that recently, the Party, State and Government have taken specific steps to perfect the socio-economic institution, including the streamlining of systems, the establishment of the National Financial Management Committee, and the introduction of mechanisms to promote the building of high-level human resources for the national industrialisation and modernisation.

He held that the event is a chance for leaders, management officials and experts of Vietnam and the RoK to work together in building scientific and practical basis to serve the recommendation of suitable policies for Vietnam.

Results of Vietnam-RoK joint researches over the past three years have been applied in the process of making and implementing policies of ministries, agencies and localities, as well as the training of officials at the HCMA, he said.

RoK Ambassador to Vietnam Kim Do Hyon said that Vietnam has great potential for development, especially in human resources.

He said that through the DEEP project, the RoK hopes to share with Vietnam its experience and lessons the country has learnt through the process of national development, helping Vietnam gain more achievements.

The diplomat said he believes that the project will be a forum for the two countries to exchange important values for inclusive and sustainable growth, strengthening the bilateral strategic partnership.

DEEP was launched in 2016 using non-refundable aids from the RoK Government though the KOICA. It aims to build strategic partnership between the two sides in public sector’s restructuring, especially in human resources and market economic system development.

The project focuses on promoting high-quality human resources, public sector’s reform, along with the Vietnamese economy and social welfare system, the building of effective policies for growth and financial market development, the strengthening of industrial ecosystem, and sustainable welfares for labour market.-VNA