Hanoi (VNA) - Along with renovating its growth model towards sustainability, Vietnam is constantly updating strategies, plans and programmes towards a green, low-carbon and circular economy with sustainable development.
For Vietnam to realise its aspiration for reaching high income status by 2045, the country will need to shift its economic growth model and sharply improve the government’s capacity to coordinate and implement economic policy reforms and public investments, a World Bank Group report says.
Planning in the southeastern region for the 2021 - 2030 period, with a vision to 2050, will be conducted with the aim of developing it into a dynamic region that takes the lead in growth model reform.
National Assembly Chairman Vuong Dinh Hue has asked the Mekong Delta province of Vinh Long to focus on growth model reform and economic restructuring, in combination with environmental protection and sustainable development.
Vietnam needs to speed up transformation towards an efficiency and innovation-driven growth model to meet requirements of sustainable and inclusive development, experts have said.
To help carry out the national green growth strategy, the Ministry of Planning and Investment is making a national action plan on green growth for 2021 - 2030 to be submitted to the Prime Minister this April.
Vietnam must strongly foster the renewal of growth model to accelerate economic recovery post-COVID-19, heard a dialogue held by Vietnam Economics Times on December 4.
The national strategy on green growth for 2021-2030, with a vision to 2050 plays a crucial role in promoting economic restructuring alongside growth model renovation, said Minister of Planning and Investment Nguyen Chi Dung.
The economic restructuring plan in the 2021-2025 period aims to create changes in the growth model towards higher productivity, quality, competitiveness and the adaption capacity of the economy, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
New regulations in the draft Law on Insurance Business (amended) will help businesses reduce costs and take the initiative in business activities thanks to simplified administrative procedures.
The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, with an aim to creating a breakthrough change in the growth model towards higher productivity, quality and competitiveness.
To achieve important targets in 2021-2025, Vietnam should consider economic digitalisation key to shifting its growth model and shortly carry out a “post-COVID-19” mid-term programme in association with economic restructuring on the basis of taking advantage of opportunities brought about by free trade agreements (FTAs).
The Ministry of Natural Resources and Environment has changed from a passive to a proactive role in handling environmental issues over the last several years, after the country confronted major challenges brought about by an unsustainable economic growth model and climate change.
The People’s Council of the northern coastal province of Quang Ninh has set overall goals and 16 specific economic, social and environmental targets for the 2021-2025 period at its 21st session, which concluded on December 9.
Prime Minister Nguyen Xuan Phuc on June 6 asked the northern province of Bac Giang to pursue an intensive growth model and optimise its advantages in geographical location, culture and human resources to develop sustainably.
The second Global Young Vietnamese Intellectuals Forum opened in Hanoi on November 27, looking to optimize the power of the young intellectuals to realise the sustainable development goals.
The northern province of Hai Duong had recorded impressive results in new-style rural area building between 2010-2019, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
The annual Vietnam Finance Forum 2019 was held in the northern province of Quang Ninh on September 19 by the Ministry of Finance, focusing its discussion on the theme of “Fiscal and Financial Policy Reforms as Drivers for Renewing the Growth Model and Restructuring the Economy in Vietnam”.
In the 2016-2020, Vietnam’s economic growth has improved and gradually recovered compared to the 2000-2010 period but still has yet to reach the strategic target.
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