The delegation, led by Minister of Planning and Investment Nguyen Chi Dung, metwith key officials and experts of the World Bank (WB), Brooking Institution,the Centre for Strategic and International Studies (CSIS), and Asia Group,during which they discussed various topics such as global context, trends, goalsand vision; solutions to development of Vietnam’s economy, science andtechnology and innovation; East Sea geopolitics, China’s Belt and RoadInitiative, and the US’s Indo-Pacific Strategy.
According to experts, the global economy’ trends during 2021-2030 will bringboth opportunities and challenges to Vietnam. The country will receive shortand medium-term benefits thanks to its golden population structure,well-developed private sector and stable interest rate.
They suggested the private sector should be a driving force for Vietnam’seconomy in the period, and it is necessary for the Southeast Asian country toimprove financial capacity in long term, step up institutional reform, betterlabour productivity, and focus on debt settlement. They particularly noted thenation should take full advantage of the service sector’s growth, and expandtrade of services.
At the working sessions, both sides also discussed a wide range of issues tohelp Vietnam boost its socio-economic development in the coming time.
The editorial group is responsible for collecting opinions and completing thedraft socio-economic development strategy during 2021-2020. It is studying andgiving out orientation for the country’s development in the context of changingtechnologies and deep global integration./.
