Attending and delivering a speech at the discussion session "Rebuilding long-term economic growth" in Davos on Thursday, PM Nguyen Tan Dzung shared Vietnam’s successful lessons on sustaining growth and reshaping national competitiveness.
 |
|
PM Nguyen Tan Dzung addresses a session of the World Economic Forum Annual Meeting 2007 in Davos
|
PM Nguyen Tan Dzung remarked that, emerging economies, especially those in Asia, have better conditions to mitigate negative impacts of the global financial crisis and maintain a relatively high growth rate.
He stressed the role of prediction in making policies and securing long-term growth. It is necessary to sharpen forecast and evaluation capabilities in order to map out sound solutions and flexible decisions.
The Vietnamese PM also underlined the importance of social consensus in mobilizing resources for the implementation of policies. Analyzing Vietnam’s experience of coping with the crisis, PM Dzung asserted that, while stabilizing macro-economic balances and overcoming short-term challenges, it is essential to guarantee long-term growth and development through policies on infrastructure development and human resource nurturing.
In the post-crisis period, said PM Dzung, Vietnam is realizing some priority policies, notably (i) creasing breakthroughs in building the market economy, transforming State-run enterprises, and conducting administrative reforms; (ii) restructuring the national economy toward higher quality, efficiency and competitiveness through upgrading infrastructure, prioritizing hi-tech and environmentally-friendly industries; and (iii) developing human resource and technology.