Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. Overview of the report launch. The World Bank Group’s Systematic Country Diagnostic Update, themed "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation,” emphasizes that Vietnam's traditional growth model faces major challenges from the Covid-19 pandemic, slowing globalization, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. “Vietnam’s GDP per capita has increased fivefold over the … [Read more...] about Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB
National domestic workers alliance
Viet Nam Blockchain Summit 2022 to take place in July
The Viet Nam Blockchain Summit 2022 will take place on July 21-22. — Photo ndh.vn The Viet Nam Blockchain Summit 2022 will take place at the National Conference Centre of Viet Nam in Ha Noi on July 21-22. The event will bring together more than 2,500 delegates from management units, enterprises, investment funds, domestic and international organisations and individuals. The summit is an annual event on a national and international scale. Being organised for the first time by VINASA and Viet Nam Blockchain Association, the programme is oriented to become a prestigious annual destination, in the chain of events of the blockchain world. This year’s event is organised to accompany the Government, agencies, ministries, sectors and businesses in orienting, developing, and promoting the application of blockchain technology in Viet Nam, and at the same time making an impression on the country’s blockchain development, creating a destination for investors, developers in the region and … [Read more...] about Viet Nam Blockchain Summit 2022 to take place in July
Vietnamese premier discusses innovation, startup cooperation with US businesses
Vietnamese Prime Minister Pham Minh Chinh attended a forum on innovation and startups with leading U.S. firms in San Francisco, California on Tuesday morning (local time) within the framework of his working visit. During the event, which was organized by the Asia Society Northern California, PM Chinh stated that Vietnam identifies science and technology, innovation, and entrepreneurship as important driving forces for development in the new era. Startup collaboration between Vietnamese and U.S. partners should focus on climate change response, digital transformation, technology transformation, and supply chain diversification, he continued. Attention should also be paid to the innovation and startup movement among young people. The premier went on to discuss with leaders of major U.S. businesses about opportunities for cooperation in innovation, science, and technology. The Vietnamese government is improving mechanisms and policies to welcome new startups, he stated, adding … [Read more...] about Vietnamese premier discusses innovation, startup cooperation with US businesses