Seminar calls for institutional reform in VN

A seminar on institutional reform was held on September 9 in Hanoi with the participation of policy makers, researchers and foreign advisors.
A seminar on institutional reform was held on September 9 in Hanoi with the participation of policy makers, researchers and foreign advisors.

Sponsored by Vietnam’s Central Institute of Economic Management (CIEM) and USAiD-funded Vietnam Competitiveness Initiative, phase II, the event aims to build a long-term institutional system and raise its effectiveness through better management to sustain competitiveness.

Experts shared the most effective tools for management and institutional reform, including organisational factors to speed up reform, administrative reform and discussed international trends in this issue.

Scott Jacobs, a senior international expert, said there should be reform in the labour market, infrastructure and economic policies to promote the prosperity of Vietnam. He added that Vietnam has higher success capability in institutional reform than the Republic of Korea or Singapore.

Dr. Nguyen Dinh Cung, deputy head of CIEM, said that institutional reform would help lessen the burden on businesses, increase transparency, maximise national resources, support economic growth and generate more jobs./.

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