Vietnam’s potential and prospects for economic development were featured at a seminar in Berlin, on March 17.
At the seminar entitled “Vietnam Today”, Asian Development Bank (ADB)Country Director in Vietnam Ayumi Konishi also spoke of the lessonsVietnam has drawn from the impact of the global economic crisis and theopportunities and challenges foreign investors will encounter whendoing business in the country.
Vietnam will enjoy a big advantage in economic development in thecoming years, as its population will reach around 100 million by 2020,with 60 percent of it at working age, and this proportion will holdingsteady for another 30 years, said Konishi.
However, he said, the shortage of hi-quality human resources,shortcomings in traffic infrastructure and ineffective financialintermediary activities as well as difficulties along the road tobecoming an middle-income nation will challenge national economicdevelopment.
The seminar, jointly held by the German Institute for EconomicDevelopment (DIW) and the ADB, was attended by DIW Vice President andManaging Director Alexander Fischer, Resident Director General of theADB’s European Representative Office Antonio Andrea Monari as well asGerman experts and scholars and representatives from a number ofGermany businesses.
The ADB is one of the country’s largest official development assistance(ODA) capital providers. At the consultative group meeting for Vietnamheld at the end of last year, the ADB pledged a 2 billion USD ODAprovision to Vietnam./.
At the seminar entitled “Vietnam Today”, Asian Development Bank (ADB)Country Director in Vietnam Ayumi Konishi also spoke of the lessonsVietnam has drawn from the impact of the global economic crisis and theopportunities and challenges foreign investors will encounter whendoing business in the country.
Vietnam will enjoy a big advantage in economic development in thecoming years, as its population will reach around 100 million by 2020,with 60 percent of it at working age, and this proportion will holdingsteady for another 30 years, said Konishi.
However, he said, the shortage of hi-quality human resources,shortcomings in traffic infrastructure and ineffective financialintermediary activities as well as difficulties along the road tobecoming an middle-income nation will challenge national economicdevelopment.
The seminar, jointly held by the German Institute for EconomicDevelopment (DIW) and the ADB, was attended by DIW Vice President andManaging Director Alexander Fischer, Resident Director General of theADB’s European Representative Office Antonio Andrea Monari as well asGerman experts and scholars and representatives from a number ofGermany businesses.
The ADB is one of the country’s largest official development assistance(ODA) capital providers. At the consultative group meeting for Vietnamheld at the end of last year, the ADB pledged a 2 billion USD ODAprovision to Vietnam./.
