Economists and managers from Vietnam and the Republic of Korea debated ways to promote the two countries’ industrial cooperation at a seminar in Hanoi on July 18.
The event was co-organised by the Vietnam Academy of Social Sciences (VASS) and t he RoK Institute for International Economic Policy (KIEP) .
Major issues on the agenda included industrial policies, economic zones and complexes, international trade and production network, vocational training and industrial cooperation, plus measures to overcome the economic crisis.
Vietnam has made many changes to its development policies to promote links between industries after the negative impacts caused by the mass development of coastal and border economic zones.
Last year, the Government decided to focus investment from the national budget on six coastal economic zones and eight border economic zones nationwide.
During its process of industrialisation and modernisation, the country has shifted priority policies from ones beneficial to enterprises to those that benefit the market.
Vietnam are conducting negotiations to join regional and international production and trade organisations, which will bring about benefits as well as difficulties and challenges for the country.
Accordingly, Vietnam must gradually remove its protection policies, while the country still lacks advanced technologies and a quality workforce for enterprises, especially those invested by foreign businesses.
In addition, Vietnam is one of the countries hardest hit by climate change, which forces it to rearrange and select suitable production industries for development.
The RoK is now one of Vietnam’s crucial economic partners, especially in the field of industry.
Participants remarked that the two countries need to seek measures to boost industrial cooperation as the potential between them is great.
Vice Director of the Institute of World Economics and Politics (IWEP) Nguyen Binh Giang said the two sides have numerous opportunities to increase development cooperation in the electronics industry, information technology, automobile, garments, footwear and support industry.
Professor Bokyeong Park, a lecturer from the RoK university of Kyung Hee, said Vietnam’s State and Government need to help small and medium-sized enterprises reform the production structure and apply advanced technologies.-VNA
The event was co-organised by the Vietnam Academy of Social Sciences (VASS) and t he RoK Institute for International Economic Policy (KIEP) .
Major issues on the agenda included industrial policies, economic zones and complexes, international trade and production network, vocational training and industrial cooperation, plus measures to overcome the economic crisis.
Vietnam has made many changes to its development policies to promote links between industries after the negative impacts caused by the mass development of coastal and border economic zones.
Last year, the Government decided to focus investment from the national budget on six coastal economic zones and eight border economic zones nationwide.
During its process of industrialisation and modernisation, the country has shifted priority policies from ones beneficial to enterprises to those that benefit the market.
Vietnam are conducting negotiations to join regional and international production and trade organisations, which will bring about benefits as well as difficulties and challenges for the country.
Accordingly, Vietnam must gradually remove its protection policies, while the country still lacks advanced technologies and a quality workforce for enterprises, especially those invested by foreign businesses.
In addition, Vietnam is one of the countries hardest hit by climate change, which forces it to rearrange and select suitable production industries for development.
The RoK is now one of Vietnam’s crucial economic partners, especially in the field of industry.
Participants remarked that the two countries need to seek measures to boost industrial cooperation as the potential between them is great.
Vice Director of the Institute of World Economics and Politics (IWEP) Nguyen Binh Giang said the two sides have numerous opportunities to increase development cooperation in the electronics industry, information technology, automobile, garments, footwear and support industry.
Professor Bokyeong Park, a lecturer from the RoK university of Kyung Hee, said Vietnam’s State and Government need to help small and medium-sized enterprises reform the production structure and apply advanced technologies.-VNA
