Malaysian Deputy Prime Minister Ahmad Zahid Hamidi on February 9 said that the country must climb out of the middle-income trap after languishing more than two decades in the upper middle-income bracket as per the World Bank classification.
The Indonesian economy must grow between 6-7 percent from 2022 to escape the middle-income trap, Minister of National Development Planning and head of the National Development Planning Agency (Bappenas) Suharso Monoarfa has said.
Lawmakers proposed solutions to promote socio-economic development in the 2021-2025 period during the 10th sitting of the 14th National Assembly (NA) in Hanoi on November 3.
The Thai government is pushing ahead with the bio-economy concept to modernise agriculture with advanced technology in a move to improve the national economy, local media reported.
Prime Minister Nguyen Xuan Phuc emphasised the important role of the Ministry of Planning and Investment (MPI) and asked it to take the initiative in solving development conundrums while addressing a conference in Hanoi on January 9.
Vietnam had a total population of over 96.2 million people as of April 1, 2019, with males accounting for 49.8 percent and females 50.2 percent, according to the population and housing census 2019 that was announced at a conference in Hanoi on December 19.
Middle-income trap, climate change and international economic integration are posing great challenges to agriculture, farmers and rural areas in Vietnam, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said at a conference held in Hanoi on October 5.
The Government Office, the Ministry of Planning and Investment and the US Agency for International Development (USAID) launched the USAID Linkages for Small and Medium Enterprises (LinkSME) in Hanoi on September 24.
The Vietnam Reform and Development Forum 2019 (VRDF 2019) will focus on the reform of market economic institutions and innovations in order to help Vietnam escape from the middle-income trap.
Vietnam’s labour productivity has improved but is still low in comparison with other ASEAN members, according to a report by the Ministry of Planning and Investment.
Information and technology (IT) firms will lead the country’s digital transformation in all sectors, said Phan Tam, Deputy Minister of Information and Communications (MIC).
Minister of Planning and Investment Nguyen Chi Dung has stressed the urgent significance of improving labour productivity in promoting growth, overcoming the middle-income trap, avoiding falling behind and narrowing down development gap with other countries.
Policies to develop the industrial sector will be the key to keeping Vietnam’s out of the middle income trap, experts said at a workshop in Hanoi on May 23.
Technology is the main factor to develop Vietnam’s economy, help it escape from the middle-income trap, and transition into a developed nation, Prime Minister Nguyen Xuan Phuc affirmed at a forum in Hanoi on May 9.
Vietnam can escape the middle income trap to achieve rapid and sustainable growth only by improving its labour productivity, heard a policy dialogue on September 26 in Hanoi.
Prime Minister Nguyen Xuan Phuc has urged the Ministry of Labour, Invalids and Social Affairs (MoLISA) to improve the quality of vocational training, describing this as a key to escape the middle-income trap.
The Vietnam Development Forum (VDF) 2017 with the theme of “Increasing productivity – A lever for sustainable development” will take place in Hanoi on December 13, announced the Ministry of Planning and Investment.
World
