The outcomes of the 2014 Knowledge Sharing Programme (KSP), launched by the Republic of Korea (RoK) to share experience in socio-economic development with Vietnam, were announced at a conference held in Hanoi on March 11.

Vietnam is one of the first partner nations of the programme as a result of the bilateral cooperation between the two countries.

The KSP was designed to help its partner nations build and upgrade the capacity of their government officials and agencies in policy management by giving consultations on and support for policy implementation.

Speaking at the ceremony, Deputy Minister of Planning and Investment Nguyen The Phuong hailed the outcomes, saying they will serve as a reference for Vietnam in drafting policies for the country’s socio-economic development.

He noted that through learning from the RoK’s experience, Vietnam has rolled out appropriate orientations for the country’s economic development designed to encourage strong and sustainable growth and promote international integration.

RoK Ambassador to Vietnam Jun Dea Joo said the programme aims to offer helpful recommendations to policy-makers in shaping policies on socio-economic development strategies, managing economic crises, developing human resources, and speeding up industrialisation and export promotion.

He stressed that the KSP will be useful for the Vietnamese Government as the country faces challenges in restructuring its financial sector and developing its infrastructure system.

The diplomat affirmed that his country will continue assisting and sharing its experience with Vietnam.
In 2014, research on the framework of the programme focused on policies for sustainable regional economic development – specifically in the two key economic hubs, the Red River Delta and the Southeast – with a major focus on the effectiveness of growth strategies, the use of policy tools to ensure sustainable environment, regional-level agricultural restructuring, improvements in resettlement procedures, and arising issues from the urbanisation process.

Launched in 2004 by the RoK’s Ministry of Strategy and Finance, the KSP covered the national energy policy, joining the global supply chain, social housing development and building the Law on Environment Protection.-VNA