Spring Economic Forum concludes

Spring Economic Forum concludes

At the Spring Economic Forum 2014

Nhan Dan Online – Top economists proposed broad recommendations for reviving the Vietnamese economy as they concluded the annual Spring Economic Forum on April 29 in Quang Ninh province.

Many urged the Government to put more effort into economic restructuring, especially in agricultural production, and to shift the focus of attracting foreign investment to sectors with high added value.

Some economists requested a greater supervisory role for elected agencies, particularly the National Assembly.

Economists also agreed that institutional reform is the least expensive but most difficult policy to implement because it involves different areas, levels and agencies.

Institutional reform is a critical issue and its success requires greater investment in human resources training, according to economists at the forum.

Nguyen Van Giau, chairman of the National Assembly Economic Committee, stated that these recommendations are all practical and pertinent.

On the first day of the forum, participants agreed that the Vietnamese economy is showing signs of recovery, but that it remains fragile and faces many risks which are impeding faster growth.

Recommendations at the Spring Economic Forum are expected to be used as a foundation for the National Assembly and Government to make appropriate policy decisions in 2014 and the following years.

Spring Economic Forum concludes Related image(s)