16/11/2017 09:05 GMT+7 Email Print Like 0

Seminar looks into driving forces of Vietnamese economy

Hanoi, November 15 (VNA) – A scientific seminar on driving forces of the Vietnamese economy took place in Hanoi on November 15, attracting domestic and foreign experts. 

Addressing the event, Deputy Prime Minister Vuong Dinh Hue stressed the need to launch an inclusive strategy for comprehensive and human-oriented growth apart from stabilising macro-economy and integrating into the global economy. 

According to him, rapid and sustainable development is set in the document of the 12th National Party Congress with a view to narrowing development gap with other countries. 

He hoped that delegates will point out driving forces of the domestic economy and reasons for loose linkage and uneven growth between domestic and foreign investment sectors. 

Director of the Vietnam Academy of Social Sciences Nguyen Quang Thuan said Vietnam has been going through almost half of the 2016-2020 socio-economic development path. 

This year, private investment is expected to rise 16 percent compared to 10 percent in 2016, he said, adding that improved labour productivity and economic efficiency are attributable to the policy of improving business climate, cutting administrative procedures and corporate costs, and considering private economy an important driving force of the economy. 

Participants shared the view that the government’s goals for the next five years are heavy so that measures to boost growth for the coming years are of significance.
VNA/VNP